SAO PAULO, Brazil--(BUSINESS WIRE)--Jan. 27, 2005 GOL Linhas Aereas Inteligentes S.A. (NYSE:GOL) (Bovespa:GOLL4), Brazil's low-fare, low-cost airline, confirms the exercise of four purchase options for 737-800 Next Generation, as announced in December 2004.
This transaction is part of an agreement signed in May 2004, when GOL announced the acquisition of up to 43 737-800 Next Generation aircraft. By exercising these four purchase options, the Company increases the firm orders to 21 aircraft to be delivered between 2006 and 2009. The total transaction is valued at approximately R$3.4 billion.
The confirmation of the exercise of four purchase options follows GOL's expansion plans, which launched its first international flight last December. "GOL intends to launch new destinations in 2005 and the purchase's confirmation of four new aircraft confirms the expansion of the Company," says David Barioni, GOL's Technical Vice-President. These new aircraft will have their performance optimized due to the fact that they will accommodate more travelers and also will serve certain destinations more frequently.
Photo © Normando Carvalho Jr.