Fri, Aug 08, 2008
Pushes Ahead With Modernization Efforts
Things are tough all over... not just for US airlines. GOL
Linhas Aereas Inteligentes S.A., the parent company of Brazilian
airlines GOL Transportes Aereos S.A. and VRG Linhas Aereas S.A.,
announced this week the company has revised its fleet plan,
accelerating fleet renewal and modernization strategies while
cutting back on capacity to reflect slumping market conditions.
"The Company reviewed and adjusted its fleet plan to better
adapt to recent fuel price increases and higher competition in the
air transportation industry, while also accelerating its fleet
renewal program (announced in December 2007) and improving its
low-cost structure," the airline said. "In addition to operational
changes to reduce fuel consumption, such as reducing cruise flight
speed and shutting down one engine after landing, the Company is
reducing its capacity growth."
To that end, GOL has reduced its fleet plan by two leased
737-800s in 2008. For 2009, the airline will cut another five
leased 737-800s. Even with those cuts, however, the airline's fleet
modernization plan "guarantees that GOL's fleet will maintain its
status as one of the youngest and most modern in the world," GOL
notes.
By the end of 2008, it is expected that the fleet will be
comprised entirely of Boeing 737 NGs, reducing the average age of
the fleet to 5.6 years. GOL forecasts that by 2013, 65 percent of
the fleet will be comprised of 737-800s, reducing the average age
to 5.5 years.
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