GOL Inks Cargo, Logistics Services Agreement With Mercado Livre


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  • Brazil's Gol Linhas Aereas Inteligentes SA's (NYSE:GOL) logistics business GOLLOG has signed a landmark agreement with MercadoLibre Inc (NASDAQ:MELI) (Mercado Livre), which operates marketplaces for e-commerce and online auctions.
  • The ten-year agreement comprises a dedicated freighter fleet of six Boeing Co (NYSE:BA) 737-800 BCF, slated to commence operations in 2H22. There is also the option of adding six more aircraft by 2025.
  • "GOL thanks Mercado Livre for choosing GOLLOG as its partner and for its confidence in the efficiency, standard of quality and agility of our logistics services in Brazil," said Paulo Kakinoff, GOL's CEO.
  • GOL plans to end this year with 136 aircraft in its fleet, comprising 44 Boeing 737-MAXs and 92 Boeing 737-NGs.
  • The company expects the introduction of the six-cargo aircraft to generate fleet optimization savings of ~R$25 million in 2022 and another R$75 million in 2023.
  • GOLLOG operates cargo services to 52 airports and over 3,900 destinations in Brazil.
  • Price Action: GOL shares are trading higher by 1.85% at $6.90 on the last check Tuesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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