Gol returns to Boeing 737, net debt reduction estimated at R1.1 billion



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Gol announced Wednesday the return of 13 Boeing 737 NG aircraft, which should enable it to reduce its debt by 1.1 billion reais.




  Logo of the airline Gol is seen in the plane, in Natal 23/11/2018 REUTERS / Paulo Whitaker "src =" https://p2.trrsf.com/image/fget/cf/460 / 0 / images. Logo of the airline Gol is seen in the plane, in Natal 23/11/2018 REUTERS / Paulo Whitaker "width =" 0

logo of the airline Gol is seen in the plane, to Natal 23/11/2018 REUTERS / Paulo Whitaker
"The monetization of our 737-800 NG allows Gol to accelerate the reduction of its balance sheet debt," said the company's chief financial officer, Richard Lark, in a statement.

Photo: Reuters

Gol expects a 510 million reais reduction in finance lease debt and an increase of 580 million reais in cash.

The contract was with Castlelake and Apollo Aviation.

The planes will be removed. of the fleet in a planned way between 2019 and 2021. According to Gol, the aircraft of Boeing 737 MAX-8 would replace it in the fleet over the next few years.

"Gol will maintain its discipline in terms of capacity and this transaction will enhance the flexibility of the fleet plan," said Gol Celso Ferrer's vice president of planning.

According to the company, the restitution of the aircraft will not affect its operation, because there will be the arrival of the plane 737 MAX-8 of his command with Boeing and recent operating leases of 11,737 MAX-8s.

"The 737 MAX will be the backbone of the Gol fleet, increasing the average number of seats per plane and keeping the cost per seat at very low levels," he says.

Gol estimates that by 2023 more than 40% of the fleet will be 737 MAX. Over the next five years, the transition to this new equipment is expected to increase productivity by 24% and reduce fuel consumption.

"In addition to reducing fuel consumption, the increased reach of the 737 MAX allows Gol to further diversify its air network and to operate international flights to the United States and Mexico," the report said. document

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