23 NOVEMBER 2009

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Article from BTNews 23 NOVEMBER 2009

GOL talks to London's City

GOL boss Constantino de Oliveira Jr was in London last week, speaking to the City and the media.  He said that in spite of the mistakes made during the Varig takeover (GOL earlier this year withdrew all the Varig long haul international services disposing of eight of the Boeing 767 fleet leaving it with six aircraft) the airline was very well positioned.  GOL made a profit of US$45.8 in the last quarter.  However there was “no chance” of GOL operating over the Atlantic again.  He said that the code shares that had been signed with Air France and Iberia were very good news meaning that GOL could sell long haul flights without the costs of that type of operation.  Passengers to and from Europe were being made aware of a first class airline.  The airline is continuing to develop new routes in South America and would be taking between three and five Boeing 737 new generation aircraft per year until 2016 when the fleet would be 181 strong. www.voegol.com.br

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