The Brazilian carrier GOL Linhas Aéreas and Boeing have added new additional Boeing 737 MAX 8 and 737 MAX 10 aircraft to the airline’s firm order, increasing it to 110, which are expected to be received between 2023 and 2030.

New planes for GOL

The Brazilian airline is Boeing’s largest customer in the Latin American region. As of September 30, 2022, GOL had 92 firm orders for the acquisition of Boeing 737 MAX aircraft, of which 67 were for the 737 MAX 8 model and 25 for the 737 MAX 10 model.

Nonetheless, in October, both parties signed a new deal, adding 18 new Boeing 737 MAX aircraft to the airline’s order, comprised of six 737 MAX 8 and 12 B737 MAX 10 aircraft, said GOL in its third quarter results.

The new 737 MAX 8 aircraft will be delivered in the first quarter of 2023, while the 12 additional MAX 10 units are expected to be delivered between 2027 and 2030, “strengthening the renewal fleet plan” of the Brazilian airline.

At the end of 2022’s third quarter, GOL’s total fleet was composed of 145 Boeing 737 aircraft, of which 108 were NGs and 37 were MAXs. The airline expects to close the year with 44 MAX planes in operation, representing around 30% of the total fleet. By 2025, GOL expects to reach a fleet of 150 jets evenly divided between MAX and NGs.

A GOL Boeing 737 MAX aircraft

Photo: Lukas Souza | Simple Flying.

Is GOL returning the older Boeing 737NG aircraft?

During the 2022 third quarter, the Brazilian airline returned two Boeing 737 NG planes. Overall, the company’s fleet plan provides for the return of approximately 25 operational aircraft by the end of 2023, with the flexibility to accelerate or reduce the volume of returns if necessary.

The airline’s NG fleet is composed of 21 Boeing 737-700s and 87 B737-800s, for a total of 108. GOL expects to heavily reduce this fleet in the next few years, going down to 75 by 2025.

A GOL Boeing 737 MAX aircraft

Photo: Lukas Souza | Simple Flying.

How were GOL’s financial results in 2022’s third quarter?

During the third quarter of 2022, GOL Linhas Aéreas recorded the highest net revenue in the company’s history, reaching 4.0 billion reais (about US$755 million), 109% and 8% above 2021 and 2019’s third quarters, respectively. The recovery of corporate demand fueled this incredible result. Overall, GOL carried 6.9 million passengers in the quarter, 39% above last year but still 29% below the pre-pandemic traffic volumes. Celso Ferrer, GOL’s CEO, said,

“This quarter was marked by important moves to resume our network, increase partnerships with other airlines, and grow our market revenues in Brazil. We were able to observe a consistent increase in productivity generated by the Boeing 737 MAX, aiding in cost reduction. We are convinced that this fleet transformation combined with our capacity management are competitive advantages in all markets we enter as they provide us with the lowest cost and thus enable greater demand stimulation.”

Despite the good revenue levels, GOL reported a net loss of 1.5 billion reais (US$292 million) due to a 48.8% increase in total operating expenses, mainly due to the rise of fuel prices worldwide.

Have you traveled with GOL Linhas Aéreas? How was the experience? Let us know in the comments below.


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