GOL Orders 60 Boeing 737 MAXs

GOL Linhas Aereas Inteligentes has ordered 60 Boeing 737 MAX airplanes.

The order is valued at approximately $6 billion at published list prices making it the largest order in GOL's 12-year history and the largest airplane order from a single airline in South America's aviation history.

GOL has established itself as one of the fastest growing low-cost airlines in the world. GOL currently offers one of the most extensive route networks in South America with approximately 810 daily flights to 63 destinations in Brazil and 12 in South America and the Caribbean.

"The decision to order Boeing 737 MAX is in line with our commitment to maintaining a modern and safe fleet that will allow us to sustain our competitive advantage in the long term," said Paulo Kakinoff, CEO of GOL. "The new airplanes will have one of the best cost-benefit ratios in the market due to its unique operational economy, so it is fully compatible with our low-cost model."

Equipped with new LEAP-1B engines from CFM International and improvements such as the Advanced Technology winglet, the 737 MAX reduces fuel burn and CO2 emissions by 13% and maintains the 8% operating cost advantage over future competition.

This order puts the 737 MAX at 724 firm orders to date.

Ray Conner, president and CEO of Boeing Commercial Airplanes, said, "Boeing has partnered with GOL since their inception just over 12 years ago. We've watched them grow from a small start-up airline to a driving force in global aviation and we are proud to partner with them as the South American launch customer for the 737 MAX."

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