Category Archives: Gol Transportes Aereos

Gol orders 15 APB Split Scimitar Winglet sets for its Boeing 737-800s

Gol 2015 WL (RDC)(LRW)

Aviation Partners Boeing (APB) (Seattle) has announced Gol Linhas Aereas Inteligentes Airlines (Gol Transportes Aereos) (Sao Paulo) has ordered Split Scimitar Winglets for 15 of its Boeing Next-Generation 737-800 aircraft.

According to APB, “APB’s latest program is the culmination of a five-year design effort using the latest computational fluid dynamic technology to redefine the aerodynamics of the Blended Winglet into an all-new Split Scimitar Winglet. The unique feature of the Split Scimitar Winglet is that it uses the existing Blended Winglet structure, but adds new aerodynamic scimitar tips and a large ventral strake.”

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APB has now developed and certified the Split Scimitar Winglet System for all commercial variants of the Boeing Next-Generation 737, including the: 737-700, 737-800, 737-900, 737-900ER and Boeing Business Jets.

Copyright Photo: Rodrigo Cozzato/AirlinersGallery.com. Gol is already a customer for the original APB Winglets. The airline will now upgrade to the latest design.

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Gol introduces a new look, logo and livery

Gol 737-800 (15)(Flt)(Gol)(LRW)

Gol Linhas Aereas Inteligentes (Sao Paulo) today unveiled in a ceremony this new look on Boeing 737-8EH PR-GXZ (msn 40739). The new look also features this new logo.

Gol 2015 logo (LRW)

Gol and Delta Air Lines strengthen their strategic alliance

Gol Linhas Aereas Inteligentes (Sao Paulo) has agreed to enter into several strategic transactions with the Constantino Family, Gol’s controlling shareholder, and Delta Air Lines (Atlanta) to strengthen the airlines’ strategic alliance and enhance Gol’s financial position and liquidity.

The airline continued;

Gol logo-2

As part of the agreement, Gol’s controlling shareholder will invest up to $90 million (US) in newly issued preferred shares of Gol and Delta will invest up to $56 million in newly issued preferred shares of Gol. Delta also will guarantee a term loan to be entered into by Gol with third party lenders of up to $300 million. In connection with these transactions, Gol and Delta will extend their commercial cooperation arrangements.

The consummation of each of the strategic transactions is subject to the execution and delivery of definitive documentation and customary closing conditions, including receipt of required regulatory approvals.

Copyright Photo: Rodrigo Cozzato/AirlinersGallery.com. Gol’s Boeing 737-76N PR-GOH (msn 32440) departs from Sao Paulo (Guarulhos).

Gol aircraft slide show: AG Airline Slide Show

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Gol’s third quarter net loss widens to $95.2 million

Gol Linhas Aéreas Inteligentes S.A. (Gol Transportes Aereos) (Sao Paulo) reported a third quarter net of BRL 245.1 million ($95.2 million), a notable larger loss than BRL 197 ($76.5 million).

The company issued this full CEO report:

Highlights:

Operating income (EBIT) registered R$ 152 million in 3Q14, R$ 115 million up over 3Q13, with an operating margin (EBIT) of 6.2%, up by 4.5 percentage points. The last twelve months (LTM) EBIT totaled R$ 497 million, with an operating margin of 4.9%.

Net revenue reached R$ 2.5 billion, 10% up over the 3Q13, of which R$ 2.2 billion refers to passenger revenues. Net revenue from cargo and others totaled R$ 272 million, increasing its share from 8% in 3Q13 to 11% of the total revenue. Net revenue LTM stood at R$ 10 billion, a new record, with international revenue accounting for 11% of total revenues, reaching R$ 1.1 billion.

EBITDAR totaled R$ 463 million, 24% up on 3Q13. The EBITDAR LTM came to a record registering R$ 1.9 billion, reducing the financial leverage ratio (adjusted gross debt/EBITDAR) by 4.6 points, from 10.9x in 3Q13, to 6.3x in 3Q14.

Total load factor increased by 8 percentage points to 77.5% in the quarter. This increase more than compensates the 2% decline in yield. As a result, RASK and PRASK increased by 13% and 9% over 3Q13, respectively.

Total CASK grew 7% over 3Q13, while CASK ex-fuel increased by 10%. As RASK moved up 3 percentage points above the CASK ex-fuel, GOL maintained its margin expansion in the quarter reflecting its focus on controlling the manageable costs and increasing revenue.

GOL continued its liability management initiatives in the quarter, which aims to optimize the amortization schedule and reduce the Company’s cost of debt. GOL concluded two senior notes tender offer, totaling US$ 411 million, besides the new issuance of US$ 325 million in bonds due to 2022, at a rate of 8.875%. Its subsidiary Smiles S.A. also concluded a R$ 600 million debenture issuance to finance part of its capital reduction.

In the 3Q14, we recorded operating income (EBIT) of R$ 152 million, an expansion of R$ 115 million when compared to the same period last year, while the EBIT margin moved up 4.5 percentage points registering 6.2%. This was the seventh consecutive quarterly improvement in this indicator, reflecting the continuity and consistent delivery on our results.

Net revenue in the last 12 months totaled R$ 10 billion, a new record, even in a scenario of soft economic growth. GOL’s demand for seats (RPK) grew by 8.3% year over year in the first nine months, representing 53% of the industry’s growth, which reflects the greater attractiveness of our products and services. Domestic supply, however, fell by 2.9%, demonstrating the rationalization strategy that the Company took in place since April 2012. From January to September, 2014, we were the market leader in terms of passengers boarded in the domestic market, reaching the record mark of 27.5 million.

In order to offer greater connectivity, we launched during this quarter two new regional destinations on the domestic market, Carajás and Altamira (Pará), as well as new international flights to Santiago (Chile) from Guarulhos (São Paulo), Miami from Campinas, and to Punta Cana from Guarulhos (São Paulo), Confins (Minas Gerais) and Brasília. In this way, we are the Brazilian airline with the greater supply to the Caribbean, with 78 weekly flights.

The strategy of increasing our international presence has been further reinforced by the expansion of our alliances. This has also strengthened revenue in other currencies, which accounted for 11% of our total revenue in the last 12 months. We implemented a two-way codeshare partnership with Aerolineas Argentinas, allowing us to sell its tickets on our website. We will shortly begin offering the same facility for AirFrance-KLM flights.

In order to ensure an even better flying experience, we extended our GOL+ Conforto seating to our entire domestic route network, with an even greater reclining angle and even more distance between seats. Currently, 94% of our fleet is configured as GOL+ and, by the end of the year, 100% of our fleet will have this configuration. In the third quarter, we also launched an exclusive service in Brazil, our express bag drop service at Congonhas airport. With this new service, the customers can complete one more check-in stage at the self-service totems, labeling and weighing their own baggage, as well as paying for any excess. This is one more simple and intelligent innovation providing our passengers with even greater control and visibility throughout the entire process, since the ticket purchase to the flight.

These new facilities have strengthened our capacity to ensure an even better flying experience for leisure passengers, and to be more attractive to the corporate client. Even in the midst of a challenging economic scenario in Brazil, resulting in reduced demand from corporate customers, GOL was the airline company leader in tickets issued for the corporate segment, according to Abracorp (Brazilian Travel Agents’ Association).

Continuing with our measures to strength our balance sheet, we concluded two senior notes tender offers totaling US$ 411 million. Also, we concluded a senior notes issuance this quarter, totaling US$ 325 million at 8.875% p.a. due on 2022. These actions aim to optimize the debt profile, avoiding major amortization pressure in the next three years and reduce the financial cost. We closed the quarter with R$ 2.7 billion in cash position, equivalent to 27% of revenue in the last 12 months, which is essential to pass through periods of high market volatility. The financial leverage ratio (adjusted gross debt/EBITDAR) stood at 6.3x, 4.6 points down on 3Q13.

I would like to thank our customers for their loyalty, our Team of Eagles for their commitment and investors for their confidence posted on the Company. We celebrated on September 8, 2014 in the New York Stock Exchange (NYSE) the 10-year listing of GOL, in which we reiterated our commitment to the transparency and communication with our shareholders, which reinforces our vision of being the best company to fly with, work for and invest in.

Paulo Sérgio Kakinoff

CEO of GOL Linhas Aéreas Inteligentes S.A.

Copyright Photo: Marcelo F. De Biasi/AirlinersGallery.com. Gol’s Boeing 737-7Q8 PR-GIL (msn 30635) approaches the runway at Sao Paulo (Guarulhos).

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Gol considers buying Embraer E2 jets

Gol logo

Gol Transportes Aereos (Sao Paulo) has announced is studying the possibility of buying the new Embraer E2 jets, which will be available starting in 2018. These aircraft would be an option for its less dense routes that cannot support 130 to 140 seats. The company will eventually disclosure to the market if, and when, it decides to proceed.

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Image: Embraer.

 

Embraer E175-E2 (Flt)(Embraer)(LRW)

Gol to operate biofuel flights to the United States

Gol Transportes Aereos (Sao Paulo) will soon operate biofuel flights to the United States. In association with Amyris, the two parties have issued this announcement:

Amyris has partnered with Gol to begin the first commercial route with farnesane, the recently approved renewable jet fuel.

Gol has committed to fly its Boeing 737 fleet with up to a 10 percent blend of the renewable fuel on its U.S. to Brazil routes starting with initial flights later in July 2014. Supported by Boeing, the Inter-American Development Bank (IDB) and other partners, Amyris is working to bring this new, renewable jet fuel to commercial airlines starting with Gol.

Developed by Amyris, an industrial bioscience company, and Total, one of the world’s leading energy companies, this new aviation renewable fuel meets the rigorous performance requirements set for Jet A/A-1 fuel used by the global commercial aviation industry. On June 15, 2014 ASTM revised the ASTM for jet fuel standard, paving the way for airlines to use Synthesized Iso-Paraffin (SIP) farnesane as a jet fuel component in commercial airlines globally. When produced sustainably, farnesane can reduce greenhouse-gas emissions by up to 80% on a lifecycle basis compared to traditional petroleum fuels.

Amyris is an integrated renewable products company focused on providing sustainable alternatives to a broad range of petroleum-sourced products. Amyris uses its industrial bioscience technology platform to
convert plant sugars into a variety of hydrocarbon molecules – flexible building blocks that can be used in a wide range of products. Amyris is commercializing these products both as No Compromise (R) renewable ingredients in cosmetics, flavors and fragrances, polymers, lubricants and consumer products, and also as No Compromise renewable diesel and jet fuel. Amyris Brasil Ltda., a subsidiary of Amyris, oversees the establishment and expansion of Amyris’s production in Brazil.

Copyright Photo: Rodrigo Cozzato/AirlinersGallery.com. Boeing 737-8HX PR-GUT (msn 38878) arrives in Sao Paulo (Congonhas).

Gol: AG Slide Show

 

Gol announces a code-share agreement with Etihad Airways

Gol Linhas Aereas Inteligentes S.A. (Gol Transportes Aereos) (Sao Paulo) has signed a codeshare agreement with Etihad Airways (Abu Dhabi). The agreement depends on approval from ANAC (National Civil Aviation Agency) and CADE (Brazil’s antitrust authority).

The companies already have an interline agreement and the expansion of the partnership through the codeshare agreement will initially allow Etihad Airways to include its code on flights operated by Gol, giving its customers a greater number of connections for destinations in Brazil and South America.

Both companies will soon sign a Frequent Flyer Program (FFP) agreement offering all their customers the benefits of their respective mileage programs – GOL’s Smiles and Etihad’s Etihad Guest.

In other news, Gol has announced it has filed a formal request to Brazil’s National Civil Aviation Agency (ANAC) to operate domestic flights to Carajás and Altamira, in the state of Pará. These destinations have an accelerated level of growth, generating demand for new services.

The request was made to operate in Carajás – with four weekly frequencies and Altamira – three weekly frequencies. The operation, still pending approval by ANAC, is expected to begin in September 2014.

Top Copyright Photo: Rodrigo Cozzato/AirlinersGallery.com. Boeing 737-8EH PR-GUO (msn) of Gol in the special FIFA World Cup 2014 livery prepares to land at Sao Paulo (Congonhas).

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Etihad Airways: AG Slide Show

Bottom Copyright Photo: Rodrigo Cozzato/AirlinersGallery.com. The 2014 version of the Etihad Airways special Abu Dhabi Grand Prix Formula 1 livery on Airbus A340-642 A6-EHJ (msn 933) prepares to land at Sao Paulo (Guarulhos).