MIAMI – The largest domestic airline in Brazil, GOL (G3), has announced that it will acquire MAP (7M), a domestic regional airline.
As a result of the acquisition, G3 will take over 7M’s coveted 26 slots at Sao Paulo’s Congonhas airport (CGH). G3 will also take possession of 7M’s fleet of seven ATR twin-engine turboprop regional airliners. G3 has stated that it intends to replace the ATR with “larger and more efficient aircraft,” which would most likely be the Boeing 737-700 that the carrier already operates.
MAP currently flies regional runs from Manaus (MAO) and CGH, the latter being Brazil’s largest domestic airport. This will increase G3’s number of flights out of CGH by 26, or approximately 19%.
GOL has relied on a strategy that has helped keep costs down and efficiencies up by operating solely on the Boeing 737. The airline operates 127 examples of the type, a mix of -700, -800 and MAX 8 variants. Further, G3 has an order on the books for another 92 examples of the Boeing 737 MAX 8.
The airline started operations in 2001 and purchased the assets of Varig in 2007. GOL is currently the third-largest international airline in Brazil, and with 37% of the domestic market has Azul (AD) trailing behind in second place.
Featured image: GOL Linhas Aéreas PR-XMR Boeing 737-8 MAX. Photo: Nick Sheeder/Airways