Category Archives: Webjet Linhas Aereas

Gol shuts down Webjet today

Gol Linhas Aéreas Inteligentes S.A. (Gol Transportes Aereos) (Sao Paulo) has announced as of today (November 23), it will begin the process of winding up the activities of its subsidiary Webjet Linhas Aereas (Rio de Janeiro) and the discontinuation of its name and brand. The airline was grounded today.

The group continued in its statement; “The first step is to extinguish flight operations. Webjet has an operational model based on a fleet that mostly consists of aging Boeing 737-300 aircraft that are advanced age, technologically out of date and consume large amounts of fuel. Given the Brazilian sector’s new cost standards, this model is no longer competitive.

As a result of the winding up of operations, around 850 employees, including flight and cabin crew and maintenance personnel, will be laid off.

Webjet’s clients and passengers will be fully served by Gol and their flights will be guaranteed. As of this date, Gol will be responsible for all air transport and associated services for these passengers. In this context, all the necessary measures are been taken.

As a result of this decision and its consequences, the Company estimates a non-recurring increase in costs in the fourth quarter of 2012, which will be disclosed to the market opportunely. However, the measures will improve operational efficiency as of 2013.

In relation to Webjet’s Boeing 737-300 fleet, Gol estimates that it will return all 20 aircraft by the end of the first half of 2013, 16 of which in the first quarter.

Thanks to the smaller fleet, Gol expects to reduce its domestic supply (ASK) by between 5% and 8% year-on- year in the first half of 2013, underlining its commitment to recovering its operating margins and the sustainability of the business.”

Webjet Linhas Aereas:

Gol’s second quarter net loss widens to $354 million

Gol Linhas Aéreas Inteligentes S.A. (Gol Transportes Aereas and Webjet Linhas Aereas) (Sao Paulo) reported its second quarter net loss expanded to $354 million due to fuel costs and its debt service.

Read the full report from the airline (in Portuguese): CLICK HERE

Read the analysis by the WSJ: CLICK HERE

Copyright Photo: Rodrigo Cozzato. “Smiles” is not the operative word at Gol’s headquarters with this financial report. Boeing 737-809 PR-GIT (msn 28403) approaches the Sao Paulo (Guarulhos) hub while promoting the in-house “Smiles” frequent flyer program (click on the photo for the full view and further information).

Gol:

Webjet:

Gol completes the acquisition of Webjet Linhas Aereas

Webjet Linhas Aereas Boeing 737-36Q PR-WJN (msn 29327) SDU (Christian Volpati), originally uploaded by Airliners Gallery.

GOL Linhas Aéreas Inteligentes S.A. (Sao Paulo), the parent of Gol Transportes Aereos and VRG Linhas Aereas (VARIG 2nd), issued the following statement:

“Gol, largest Latin America low-cost and low-fare air carrier, hereby informs to the market that, in addition to the relevant facts dated July 8, 2011 and August 2, 2011 and to the notice to the market dated September 21, 2011, the acquisition of 100% of the capital stock of Webjet Linhas Aéreas S.A. (Rio de Janeiro) was concluded at this date, as a result of which Gol Linhas Aéreas Inteligentes S.A., by means of its controlled company, VRG Linhas Aéreas S.A., became the owner of the total capital stock of Webjet Linhas Aéreas S.A., according to the terms of the Stock Purchase Agreement dated August 1, 2011.
The acquisition price for 100% of the capital stock of Webjet Linhas Aéreas S.A. was R$ 70,000,000.00, which is still subject to minor adjustments, to be determined within the next 70 days.”

Webjet Slide Show: CLICK HERE

Webjet routes from Rio de Janeiro:

Gol announces VARIG will acquire Webjet

Webjet Linhas Aereas Boeing 737-36Q PR-WJN (msn 29327) SDU (Christian Volpati), originally uploaded by Airliners Gallery.

Gol Linhas Aéreas Inteligentes S.A., the holding company of Gol Transportes Aereas and VARIG Linhas Aereas (2nd), initially informed its shareholders and the market in general that it was under discussions with Webjet Linhas Aéreas S.A.

Later the holding company announced the following:

“VRG Linhas Aereas S.A. (VARIG 2nd), its affiliated Company, executed a memorandum of understanding (MOU) with the controlling shareholders of Webjet Linhas Aereas S.A., (“WebJet”), for the acquisition of 100% of WebJet’s capital stock by VRG;

The acquisition is subject to among other conditions, the conclusion of technical and legal due diligence of WebJet’s activities and assets, the negotiation and execution of definitive documents by the parties and the approval from the relevant government authorities;

The price to be paid for the referred acquisition shall be R$96,000,000.00 (ninety six million Reais), subject to certain adjustments prior to the closing date. WebJet’s enterprise value was appraised by the parties atR$310,700,000.00 (three hundred and ten million and seven hundred thousand Reais).”

Webjet Slide Show: CLICK HERE

Webjet’s routes from Sao Paulo:

Webjet introduces an Avatar logojet

Webjet Linhas Aereas (Rio de Janeiro) in January introduced this new logojet to help promote the movie Avatar in Brazil.

Webjet acquires 737-3U3 ZK-FRE as PR-WJQ

Copyright Photo: Graham Weatherby. Boeing 737-3U3 ZK-FRE (msn 28742) climbs away from Christchurch in full Webjet colors on a test flight. It will become PR-WJQ.

Webjet Linhas Aereas (Rio de Janeiro) is getting ready to add ex-Air New Zealand.Freedom Air Boeing 737-3U3 ZK-FRE (msn 28742).