Boeing, Brazil's GOL reach agreement for two additional 737-800s

Boeing and Brazil's Gol Linhas Aereaes Inteligentes S.A today announced that the airline is ordering two more Next-Generation 737-800 passenger airplanes, increasing to 17 its firm orders for Boeing 737s in 2004.

The airplanes are to be delivered in June and July 2006. The firm orders are part of an order announced in May for up to 43 737-800s, worth up to US $ 2.7 billion at list prices.

The new airplanes will join the 18 737-700s and four 737-800s Gol now operates, continuing its use of the successful single-model fleet approach that U.S. low-cost carrier Southwest Airlines pioneered. Gol recently achieved more than 22.5 percent of the Brazilian market share, after just three years of operations.

Gol Linhas Aereas Inteligentes S.A. is Latin America's only low-cost, low-fare airline. Gol targets underserved markets, and operates a simplified fleet with a single-class of service. It has one of the youngest airplane fleets, which leads to low maintenance, fuel and training costs, high aircraft utilization and efficiency ratios. Gol serves Brazil 's major business and travel destinations. In 2004, it plans to increase service in existing markets and routes in both Brazil and other high-traffic South American travel destinations.