SÃO PAULO, April 19,
2022 /PRNewswire/ -- GOL Linhas Aéreas
Inteligentes S.A. (NYSE: GOL and B3: GOLL4) ("GOL" or
"Company"), Brazil's largest
domestic airline, announced today the signing of a landmark
agreement between its logistics business, GOLLOG, which operates
cargo services to 52 airports and over 3,900 destinations in
Brazil, and Mercado Livre, which
operates marketplaces for e-commerce and online auctions.
The agreement, with a term of ten years, includes a dedicated
freighter fleet of six Boeing 737-800 BCF and is expected to begin
operations during 2H22. There is also the option of adding
other six cargo aircraft by 2025.
GOL plans to end this year with 136 aircraft in its fleet,
comprised of 44 Boeing 737-MAXs and 92 Boeing 737-NGs. The
introduction of the six-cargo aircraft is expected to generate
fleet optimization savings of approximately R$25 million in 2022 and another R$75 million in 2023. The Company's ongoing
transformation to the 737 MAX will also enable greater dilution of
fixed costs and generate new opportunities for ancillary
revenues.
GOL's agreement with Mercado Livre is part of the Company's
investment to serve the needs of the growing Brazilian e-commerce
market, which today generates over R$180
billion in annual revenues and a yearly spend of over
R$12 billion on logistics services.
As such, GOLLOG plans to increase its range of services and tonnage
capacity by 80% during 2023 to generate additional incremental
revenue of approximately R$100
million in 2022, and more than R$1.0
billion over the next five years.
"Our cargo operation begins an exciting new chapter for GOL and
GOLLOG, by integrating our synergies as the lowest cost operator in
the region with the needs of Mercado Livre, the largest e-commerce
platform in Latin America. This
partnership brings high added value and will help to democratize
logistics services for all Brazilians. GOL thanks Mercado Livre for
choosing GOLLOG as its partner and for its confidence in the
efficiency, standard of quality and agility of our logistics
services in Brazil," said Paulo
Kakinoff, GOL's CEO.
"The expansion of the fleet is vital to advance Mercado Livre's
mission to democratize e-commerce services in Brazil and becomes even more important in this
country of continental dimensions. With this partnership, we will
increase the number of direct flights from São Paulo to the North
and Northeast regions, reducing the delivery time by up to 80%.
Delivery time to Manaus will be only one day, instead of the
current nine days, while to Northeast destinations the lead time
will decrease from four days to one. Other capitals, such as
Goiânia and Cuiabá, will receive their packages the next day," said
Fernando Yunes, Senior Vice
President of Mercado Livre in Brazil. "We are very optimistic about our
agreement with GOL, and we see it as a fundamental in strengthening
our growth path in e-commerce and our strategy to expand in the
region."
Investor Relations
ri@voegol.com.br
www.voegol.com.br/ir
+55(11) 2128-4700
About GOL Linhas Aéreas Inteligentes S.A.
GOL is Brazil's largest
airline, leader in the corporate and leisure segments. Since its
founding in 2001, it has been the airline with the lowest unit cost
in Latin America, which has
enabled the democratization of air transportation. The Company has
partnerships with American Airlines and Air France-KLM, in addition
to making available to Customers many codeshare and interline
agreements, bringing more convenience and ease of connections to
any place served by these partnerships. With the purpose of "Being
First for Everyone", GOL offers the best travel experience to its
passengers, including: the largest inventory of seats and the most
legroom; the most complete platform with internet, movies and live
TV; and the best loyalty program, SMILES. In cargo transportation,
GOLLOG delivers parcels to various regions in Brazil and abroad. The Company has a team of
15,000 highly qualified airline professionals focused on Safety,
GOL's number one value, and operates a standardized fleet of 135
Boeing 737 aircraft. GOL's shares are traded on the NYSE (GOL) and
the B3 (GOLL4). For further information, visit
www.voegol.com.br/ri.
Disclaimer
The information contained in this material fact has not been
subject to any independent audit or review and contains
"forward-looking" statements, estimates and projections that relate
to future events, which are, by their nature, subject to
significant risks and uncertainties. All statements other than
statements of historical fact contained in this material fact
including, without limitation, those regarding GOL's future
financial position and results of operations, strategy, plans,
objectives, goals and targets, future developments in the markets
in which GOL operates or is seeking to operate, and any statements
preceded by, followed by or that include the words "believe",
"expect", "aim", "intend", "will", "may", "project", "estimate",
"anticipate", "predict", "seek", "should" or similar words or
expressions, are forward-looking statements. The future events
referred to in these forward-looking statements involve known and
unknown risks, uncertainties, contingencies and other factors, many
of which are beyond GOL's control, that may cause actual results,
performance or events to differ materially from those expressed or
implied in these statements. These forward-looking statements are
based on numerous assumptions regarding GOL's present and future
business strategies and the environment in which GOL will operate
in the future and are not a guarantee of future performance. Such
forward-looking statements speak only as at the date on which they
are made. None of GOL or any of its affiliates, officers,
directors, employees and agents undertakes any duty or obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except to
the extent required by law. None of GOL or any of its affiliates,
officers, directors, employees, professional advisors and agents
make any representation, warranty or prediction that the results
anticipated by such forward-looking statements will be achieved,
and such forward-looking statements represent, in each case, only
one of many possible scenarios and should not be viewed as the most
likely or standard scenario. Although GOL believes that the
estimates and projections in these forward-looking statements are
reasonable, they may prove materially incorrect and actual results
may materially differ. As a result, you should not rely on these
forward-looking statements.
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SOURCE GOL Linhas Aéreas Inteligentes S.A.