Gol Transportes Aéreos

Gol Linhas Aéreas Inteligentes S.A
IATA
G3
ICAO
GLO
Callsign
GOL
Founded 2001
Hubs
Focus cities
Frequent-flyer program Smiles
Subsidiaries Webjet
Fleet size 123 (+108 orders)
(Gol and Varig combined)
Destinations 64
Company slogan Portuguese: Sempre dá para ir mais longe.
English: It's always possible to go farther.
Headquarters São Paulo, Brazil
Key people Constantino de Oliveira Junior
Revenue US$4.3 billion (2010)[1]
Net income US$134.1 Million (2010)
Website www.voegol.com.br

Gol Transportes Aéreos ("Gol Air Transport," BM&F Bovespa: GOLL3, GOLL4 / NYSEGOL) is a Brazilian airline based in Comandante Lineu Gomes Square, São Paulo City, Brazil.[2]

It owns the brand Varig although the name Varig refers to the informally known "new" Varig, founded in 2006 and not to the "old" Varig, founded in 1927.

According to the National Civil Aviation Agency of Brazil (ANAC) in October 2011 Gol/Varig had 37.08% of the domestic and 9.98% of the international market shares in terms of passenger kilometres flown.[3]

Gol operates a growing domestic and international scheduled network. Its main hubs are São Paulo's Congonhas Airport, Rio de Janeiro's Galeão International Airport and Brasília International Airport - Presidente Juscelino Kubitschek. Gol also has focus operations at Belo Horizonte Int'l Airport, Rio de Janeiro's Santos Dumont Airport, São Paulo's Guarulhos International Airport and Porto Alegre's Salgado Filho International Airport.

Gol refers to itself as Gol Intelligent Airlines[4] (Gol Linhas aéreas inteligentes in Portuguese) as a slogan. The company is traded on the New York Stock Exchange as "GOL Linhas Aéreas Inteligentes S.A."[5] "Gol" in Portuguese and Spanish translates into English: goal.[6]

Contents

History

The airline was established in 2000 and started operations on January 15, 2001. It is a subsidiary of the Brazilian conglomerate Grupo Áurea based at Minas Gerais state, which has other transport interests including Brazil's largest long-distance bus company. Grupo Áurea in turn is owned by the Constantino family. As of 2004, Gol had carried 11,600,000 passengers, and constituted 20% of the Brazilian air travel market.

On June 24, 2004 Gol launched simultaneous initial public offerings on the New York and São Paulo stock exchanges. It is now owned by AeroPar Participações (77%), Venture (17.6%) and American International Group (5.4%) and employs 5,456 staff (at March 2007).[7] The growth in Gol's stock price made the Constantino family a member of the Forbes Magazine billionaire list in 2005 .

In 2007, Gol was supposed to begin a code-share agreement with TAP Portugal, opening the European market to the Brazilian airline, and the internal Brazilian market to the Portuguese airline (the largest foreign airline in Brazil). TAP Portugal instead chose to cooperate with TAM Airlines (TAM Linhas Aéreas).[8]

On March 28, 2007 Gol officially purchased part of the assets of VARIG - VRG Linhas Aéreas, informally known as "new Varig", a new airline that owned the brand Varig, for US$320 million from Volo Group and MatlinPatterson Global Opportunies hedge fund. At that time "old Varig" was under bankruptcy protection.

Gol announced that the brand VARIG would continue doing business and operating as Varig rather than its official name VRG Linhas Aéreas.[9] The transaction, via its GTI subsidiary, required a US$98 million cash payment, with the balance through the allocation of non-voting shares to VARIG Logística and Volo which had acquired VARIG in June 2006 for US$24 million.[10] The transaction did not involve the original airline, informally known as "old Varig", which continued to exist until its own bankruptcy mid-2010 under the name Flex Linhas Aéreas.

In 2009 Gol was merged into VRG Linhas Aéreas. VRG Linhas Aéreas thus became an airline that operates two brands: Gol and Varig, although in reality flights are operated only under Gol flight numbers. The brand Varig operates to medium-haul scheduled and charter international destinations within South America and to the Caribbean with Boeing 737-700's configured in two classes, and to long-haul charter international destinations in North America, Europe and Africa with Boeing 767-300ER's configured in economy only. The latter is also used in wet-lease operations.[11] The brand Gol operates most of the flights of the network, and has aircraft configured in all-economy class, used for scheduled domestic and international operations within South America.

Because of contractual obligations between 2006 and 2009 "new Varig" (VRG Linhas Aéreas) was obliged to purchase a minimum of 140 hours/month of services from "old Varig" (Flex Linhas Aéreas). Therefore, some of VRG Linhas Aéreas flights operated with Gol flight numbers are actually flown with chartered aircraft from Flex Linhas Aéreas. The agreement ceased before the bankruptcy of Flex on August 20, 2010.[12]

On February 24, 2010 Gol announced to be in "advanced talks" to join Oneworld alliance,[13] which would allow it to catch up with rival TAM, a recent member of Star Alliance. However, on October 6, 2010, the airline announced a change in position by denying any interest in joining an alliance, preferring to remain independent and to establish a "patchwork of code-sharing agreements."[14] Following this trend, on September 28, 2011 Gol and Aerolíneas Argentinas announced the intention to implement a codeshare, feeder and frequent flyer programs agreement on a date yet to be announced and pending on governments' approval.[15]

On March 18, 2010 Gol unveiled the expansion of its maintenance base located at Belo Horizonte/Confins - Tancredo Neves International Airport. Originally opened in 2008 with the capacity to serve 60 aircraft per year (mainly Boeings 737 and 767), the expansion allowed Gol to increase the number to 120. Gol now seeks homologation from the Federal Aviation Administration, which will enable the center to serve aircraft of other airlines.[16][17]

Since December 23, 2010 Gol Airlines has an operational partnership with the Brazilian carrier Passaredo Linhas Aéreas.

On July 8, 2011, VRG Linhas Aéreas, owner of the brands Gol and Varig, announced the intention to purchase full control of WebJet Linhas Aéreas.[18] The purchase contract was signed on August 2, 2011.[19] Until approval by all government bodies, both companies will operate independently but eventually Webjet will be integrated into Gol and cease to exist.[20]

On December 7, 2011, Gol announced the intention of Delta Air Lines to purchase 3% of its shares.[21] The agreement also includes the creation of mutual code-share flights, alignment of frequent flyer benefits and transfer of Gol's Boeing 767s lease agreements to Delta.[22]

Destinations

The link above includes destinations operated by the brands Gol and Varig ("new" Varig).

Agreements

Gol has codeshare and feeder agreements with the following airlines:

Operating Fleet

As of December 2011 the fleet of VRG Linhas Aéreas, which combines the brands Gol and Varig, consisted of the following aircraft:[25]

GOL and VARIG Fleets Combined
Aircraft Total Orders Passengers Notes
J Y Total
Boeing 737-700 43 0 144 144 Gol and Varig colors
Boeing 737-800 80 108 16
0
0
154
178
187
170
178
187
Varig colours; operated on some international scheduled and charter flights
Varig colours; operated on domestic and some international scheduled and charter flights
Gol colours
Retired GOL and VARIG Fleets
Aircraft Total Years of operation
Boeing 737-300 2000–2010
Boeing 767-200 1 2007–2011
Boeing 767-300ER 2 2007–2011

Airline Affinity Program

Smiles is Gol/Varig's Frequent-flyer program as of July 20, 2006. Points can be used for services from Gol/Varig, and partners Air France, American Airlines, Delta Air Lines and KLM, including flights, upgrades, holidays, hotel stays and car rentals. Smiles was part of the "new Varig" package bought by Gol, which honored all miles and eventually became its own Frequent-flyer program. Previously Gol had no such a program.

On a study conducted in 2010, Smiles ranked first among 24 chosen frequent flyer programs, with 100% success of requests made.[26][27]

Accidents and incidents

References

  1. ^ [1]
  2. ^ "2010 CALENDÁRIO DE EVENTOS CORPORATIVOS." Gol Transportes Aéreos. Retrieved on February 14, 2010. "Endereço da Sede: Praça Comandante Lineu Gomes, s/n, portaria 3, Aeroporto, CEP 04626-900 – São Paulo - SP"
  3. ^ "Dados Comparativos Avançados" (in Portuguese). Agência Nacional de Aviação Civil (ANAC). http://www2.anac.gov.br/dadosComparativos/DadosComparativos.asp. Retrieved November 28, 2011. 
  4. ^ Home Page (International), Gol Transportes Aéreos. January 4, 2007. Retrieved on June 14, 2009.
  5. ^ "GOL Linhas Aéreas Inteligentes S.A.," NYSE Euronext
  6. ^ "Brazilian airline flying high doing everything on the cheap," Deseret News
  7. ^ "Directory: World Airlines". Flight International: p. 87. 2007-04-03. 
  8. ^ Avionews http://www.avionews.com/index.php?corpo=see_news_home.php&news_id=1075945&pagina_chiamante=index.php
  9. ^ Former Brazilian Flagship Airline Bought 28 March 2007
  10. ^ Jackson Flores (2007-04-03). "Brazil's Gol nets ailing Varig successor". Flight International: p. 8. 
  11. ^ Komatsu, Alberto (18 March 2010). "Varig vai a Europa e aos EUA com voo fretado" (in Portuguese). Valor Online. http://www.valoronline.com.br/?impresso/empresas/95/6163488/varig-vai-a-europa-e-aos-eua-com--voo-fretado. Retrieved 2010-03-18. 
  12. ^ Niemeyer, Felipe (20 August 2010). "Falência da Flex, Rio Sul e Nordeste: Trip deve assumir" (in Portuguese). Panrotas. http://www.panrotas.com.br/noticia-turismo/aviacao/falencia-da-flex-rio-sul-e-nordeste-trip-deve-assumir_60734.html. Retrieved 20 August 2010. 
  13. ^ "AMR in alliance talks with China Eastern-CFO". Reuters. 24 February 2010. http://www.reuters.com/article/idUSTRE61N6H420100224. Retrieved 2010-09-20. 
  14. ^ Wisnefski, Stephen (6 October 2010). "Brazil's GOL Doesn't See Benefit of Joining Global Alliance". The Wall Street Journal. http://online.wsj.com/article/BT-CO-20101006-711377.html. Retrieved 7 October 2010. 
  15. ^ Andrade, Artur Luiz (28 September 2011). "Gol e Aerolíneas Argentinas terão code-share" (in Portuguese). Panrotas. http://www.panrotas.com.br/noticia-turismo/aviacao/gol-e-aerolineas-argentinas-terao-code-share_71748.html. Retrieved 29 September 2011. 
  16. ^ Takar, Téo (18 March 2010). "Gol dobra capacidade do centro de manutenção de Confins" (in Portuguese). Valor Online. http://www.valoronline.com.br/?online/empresas/11/6163846/gol-dobra-capacidade-do-centro-de-manutencao-de-confins. Retrieved 2010-04-08. 
  17. ^ "Brazil MRO sector poised for major expansion". Flightglobal. 6 July 2010. http://www.flightglobal.com/articles/2010/07/06/343930/brazil-mro-sector-poised-for-major-expansion.html. Retrieved 6 July 2010. 
  18. ^ Bemfeito, Fabíola (July 8, 2011). "Gol compra Webjet por R$311 milhões" (in Portuguese). Panrotas. http://www.panrotas.com.br/noticia-turismo/aviacao/gol-compra-webjet-por-r$-311-milhoes_69503.html. Retrieved July 9, 2011. 
  19. ^ Komatsu, Alberto (3 August 2011). "Gol e Webjet assinam contrato de compra" (in Portuguese). Valor Online. http://www.valoronline.com.br/impresso/empresas/102/466051/gol-e-webjet-assinam-contrato-de-compra. Retrieved 3 August 2011. 
  20. ^ Andrade, Artur Luiz (July 11, 2011). "Após aprovação da compra, Gol não usará marca Webjet" (in Portuguese). Panrotas. http://www.panrotas.com.br/noticia-turismo/aviacao/apos-aprovacao-de-compra-gol-nao-usara-marca-webjet_69514.html. Retrieved July 11, 2011. 
  21. ^ Komatsu, Alberto (December 7, 2011). "Delta terá participação de 3% na Gol" (in Portuguese). Valor Econômico. http://www.valor.com.br/empresas/1127392/delta-tera-participacao-de-3-na-gol. Retrieved December 7, 2011. 
  22. ^ Seabra, Luciana (December 7, 2011). "Gol e Delta firmam acordo comercial para compartilhar voos" (in Portuguese). Valor Econômico. http://www.valor.com.br/empresas/1127312/gol-e-delta-firmam-acordo-comercial-para-compartilhar-voos. Retrieved December 7, 2011. 
  23. ^ Reigada, Maria Izabel (December 7, 2011). "Gol encerrará code-share com American Airlines" (in Portuguese). Panrotas. http://www.panrotas.com.br/noticia-turismo/aviacao/gol-encerrara-code-share-com-a-american-airlines_73786.html. Retrieved December 7, 2011. 
  24. ^ Gazzoni, Marina (December 8, 2011). "Delta paga US$100 mi por 3% da Gol" (in Portuguese). O Estado de São Paulo. http://blogs.estadao.com.br/jt-seu-bolso/delta-paga-us-100-mi-por-3-da-gol/. Retrieved December 9, 2011. 
  25. ^ "Frota atual das empresas brasileiras" (in Portuguese). Aeromuseu. December 31, 2011. http://www.aeromuseu.com.br/frota.htm. Retrieved January 2, 2012. 
  26. ^ McCartney, Scott (26 May 2011). "For Frequent Fliers, a Ranking of the Stingiest Airlines". The Wall Street Journal: The Middle Seat. http://online.wsj.com/article/SB10001424052702303654804576345254232316730.html. Retrieved 28 May 2011. 
  27. ^ "Low Fare Airlines Offer Better Reward Seat Availability While Traditional Carriers Provide Mixed Results". IdeaWorks. 26 May 2011. http://www.ideaworkscompany.com/press/2011/Press-Release-56-Reward-Seat%20Availability.pdf. Retrieved 28 May 2011. 
  28. ^ "Accident description N600XL and PR-GTD". Aviation Safety Network. http://aviation-safety.net/database/record.php?id=20060929-0. Retrieved 14 May 2011. 

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