Hey LVZXV and co.:
I've reviewed GOL's F-1 filing with the SEC and found some very interesting info. Regarding their international growth plans:
"We carefully evaluate opportunities to grow, and expect to continue the growth of our business by purchasing or leasing aircraft and increasing the frequency of flights to our existing high-demand markets and adding new routes to underserved regions in Brazil. We are also pursuing opportunities to offer services on routes to high-traffic centers in other South American countries. We have applied for regulatory approval of a route between São Paulo (Guarulhos International Airport) and Buenos Aires, Argentina (Ezeiza International Airport). We expect to receive a decision in respect of the application during the second half of 2004."
So, expect to see GOL's 73N's at EZE
Also, they currently operate 22 738/73N and expect to grow their fleet to 69 aircraft by the end of the decade.
Most interestingly, they are rather profitable, generating US$122 million in EBITDA in 2003 and US$48 million in Q1 2004.
Here's hoping GOL brings its magic outside of its home market to the rest of the southern Cone region.
Just an example of the potential growth in Brazil's civil aviation market; Brazil registered 30 million passenger boardings in 2004, for a country of 175 million. The U.S., with 290 million inhabitants, registered 700 million boardings!
The deal will price in late June, making GOL, after LAN, the second carrier from Latin America to have ADR's traded in the US equity markets.