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.MSN.COM
http://dinheiro.br.msn.com/mercado/g...es-da-webjet-e-passa-a-operar-voos

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.

This was expected since Gol acquired the company.
The main asset held by Webjet were the slots in SDU, and CADE (the Brazilian anti trust agency) ruled that Gol could not cancel more than 15% of the flights on that airport (considering combined operations) in order to keep the slots.
I would not say that Webjet went bankrupt. It was acquired, and shut down afterwards, with its operation being integrated with Gol's.

Quoting varigb707 (Thread starter): GOL also announced the termination of 850 employees. Not so good, considering it's almost the beginning of the Holiday Season in Brazil

Its sounds like GOL got some very good advice on how to acquire the parts they wanted and get rid of 850 excess employees. Its about those slots.

Glad to see the brand gone! Worst airline product I've been on! Good luck to the employees!

This is not true! Webjet did not go bankrupt! It will have only its operations ceased before it's folded into Gol.

Gol bought the airline back in 2011 when the market was still growing steadily. Now that the growth is slower, they decided to cut back the operations. Since Webjet hadn't been integrated into Gol yet, it was much easier to cut there.

More 737 Classics for the scrapper then, although some of the newer frames will certainly fly again.

Some are already heading for disposal at SJC see this link for photos.

http://www.aeroworldnews.com.br/galeria.php?inicio=1848&codgrupo=2

They have been there since mid November !!

Quoting dougbr2006 (Reply 6): Some are already heading for disposal at SJC see this link for photos.

Did you really mean san jose CALIFORNIA?

Quoting dougbr2006 (Reply 6): Some are already heading for disposal at SJC see this link for photos.

It wouldn't surprise me if some of them head to places like ARG, TUP, and BYH to become beer cans or engine blocks for your new car.

SJK he most probably meant. From what I know all B737-300s have already been retired from scheduled service or is that not the case?

Yes, I should have put the full airfield name. São Jose dos Campos (Embraer country)

I guess SJK is Brazil's aircraft graveyard like VCV or TUP here in the states?

Not anywhere close to that, most probably more aircraft dumped at GIG than SJK.