Brazil’s largest domestic airline, announced the signing of a landmark agreement between its logistics business, GOLLOG, which operates cargo services to 52 airports and over 3,900 destinations in Brazil, and Mercado Livre, which operates marketplaces for e-commerce and online auctions. The agreement, with a term of ten years, includes a dedicated freighter fleet of six Boeing 737- 800 BCF and is expected to begin operations during 2H22. There is also the option of adding other six cargo aircraft by 2025.
GOL’s agreement with Mercado Livre is part of the Company’s investment to serve the needs of the growing Brazilian e-commerce market, which today generates over R$180 billion in annual revenues and a yearly spend of over R$12 billion on logistics services. As such, GOLLOG plans to increase its range of services and tonnage capacity by 80% during 2023 to generate additional incremental revenue of approximately R$100 million in 2022, and more than R$1.0 billion over the next five years.
GOL plans to end this year with 136 aircraft in its fleet, comprised of 44 Boeing 737-MAXs and 92 Boeing 737-NGs.
