Gol to purchase full or partial stake in domestic Brazilian carrier: reports
20-Jan-12 11:47 AM
| Tweet |
© CAPA
Gol reportedly plans to purchase a full or partial stake in domestic Brazilian carrier Passaredo on 20-Jan-2012, according to reports in Jornal do Brasil. According to OAG, Passaredo operates a fleet of 14 ERJ-145s and one ERJ-135. No further information is available at this point.
You may also be interested in the following articles...
-
Brazil’s Gol and TAM continue domestic capacity restraint in attempt to improve yields
02-Apr-2012Brazilian low-cost carrier Gol has revised its domestic capacity plan for 2012 to a zero growth scenario and is hinting its domestic ASKs this year could even fall after growing by 7.4% in 2011. The country’s largest carrier, TAM, also plans less than 2% domestic capacity growth for 2012 after expanding its domestic ASKs by 9.5% in 2011. Both carriers are exhibiting capacity discipline in the hopes of continuing a yield recovery that began during 2H2011. But at the same time other domestic Brazilian operators, including Azul, Avianca Brazil and TRIP, continue to rapidly expand.
Gol revised its capacity forecast as it posted last week a BRL710 million (USD389 million) loss for 2011 and a negative 2.5% pre-tax margin. The losses were largely due to a 23% hike in the carrier’s fuel costs, currency fluctuations and non-recurring expenses related to aircraft returns.
Gol and new Gol domestic subsidiary Webjet have begun the process of cutting 80 to 100 daily domestic flights. This represents about 8% of their current combined offering of 1100 daily flights. Gol agreed to purchase Webjet in Jul-2011 and while the acquisition has not yet been completed, 87 days of Webjet's operation were included in Gol's 2011 results.
-
Gol’s return to Miami signals strategy shift following investment from Delta
09-Mar-2012Plans by Brazil’s Gol to re-enter the US market, with Boeing 737NG service expected to be launched later this year to Miami, marks a significant shift in the carrier’s strategy of focussing on growing its domestic footprint in Brazil. The mindset change was likely influenced by Delta Air Lines, which late last year acquired a 3% stake in the low-cost carrier and gained a seat on Gol’s board.
During the past few years, Gol has taken a conservative approach to its international expansion, dropping several international destinations in favour of additional domestic capacity aimed at meeting fast growing demand from the country’s expanding middle class. Gol currently only serves five other countries in South America and operates a few low-frequency, primarily seasonal routes to the Caribbean.