GOL also announced the termination of 850 employees. Not so good, considering it's almost the beginning of the Holiday Season in Brazil.
Link from BR
Translation possible by Google Translate
SAO PAULO - Gol (GOLL4) said on Friday (23) the initiation of the bankruptcy of its subsidiary Webjet, which will be discontinued brand.
According to the company, the first step is the termination of flight operations. As a result of the closure of operations, Webjet off approximately 850 employees between technical crew, crew and aircraft maintenance business.
"The Webjet has an operating model based on a fleet consisting mainly of Boeing 737-300 aircraft model, the high average age, high fuel consumption and technological gap. With the new levels of cost sector in Brazil, this model left to be competitive, "says Gol.
Assistance to passengers and increased costs
The company also said that customers and passengers Webjet will have the assistance of the Gol and have secured their flights. From this date the Goal will be responsible for all air transport services and assistance to these passengers.
With this decision and the consequences resulting therefrom, the company estimates one-off increase in costs during the fourth quarter of 2012. According to the company, these measures should result in more efficient operation from 2013.
Regarding the Webjet Boeing 737-300 fleet, it is estimated the total return of 20 aircraft by the end of the first half of 2013, with 16 of those returned by the end of the first quarter of next year.
"In this scenario of reducing its fleet, Gol expects a reduction of domestic supply (ASK) between 5% and 8% in the first half of 2013 compared to the same period in 2012," the company said in a statement.
"These measures reinforce the commitment of Gol in the recovery of their operating margins and sustainability of the business," the company concludes.
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