GOL Reaches Deal with Boeing on 737 MAX Compensation, Orders and Payment Terms
Gol Linhas Aereas Inteligentes S.A. Sponsored ADR representing 2 Pfd Shares (GOL)
US:NYSE Investor Relations:
ir.voegol.com.br
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Source: PR Newswire
SÃO PAULO, April 14, 2020 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company"), (NYSE: GOL) (B3: GOLL4), Brazil's premier domestic airline, today announces it reached an agreement with The Boeing Company ("Boeing") regarding the 737 MAX, which includes cash compensation and changes to future orders and associated payment schedules."GOL remains fully committed to the 737 MAX as the core of its fleet and this agreement further enhances our successful long-term partnership with Boeing," said Paulo Kakinoff, GOL's CEO.Since its founding nearly twenty years ago, GOL has operated a single fleet of Boeing aircraft. The Company is one of Boeing's largest customers for the 737 family globally and to date has received and operated over 250 Boeing 737 aircraft. Through this valuable partnership with Boeing, GOL has delivered the Brazilian market one of the most successful low-cost carriers in the world.In the first quarter of 2019, the unexpected grounding of the 737 MAX by r
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