GOL Plans To Launch Network Of 250 eVTOL Aircraft In Brazil

  • GOL Linhas Aereas Inteligentes SA GOL, in conjunction with Grupo Comporte, an entity of its controlling shareholder, signed a non-binding letter of intent with Avolon for the acquisition and/or lease of 250 electric vertical takeoffs and landing (eVTOL) aircraft.
  • Grupo Comporte provides the investment capital required for the project and will engage GOL to develop the flight network using VA-X4 eVTOL aircraft, created by the British enterprise Vertical Aerospace.
  • The VA-X4 can carry up to four passengers and one pilot, with a range of 160 km (100 miles) and a maximum speed of 320 km/h (200 mph).
  • GOL expects to start operating a flight network in Brazil using eVTOL planes by mid-2025.
  • GOL, which currently operates a fleet of 127 Boeing Co BA 737 aircraft, plans to transition 75% of its fleet to the 737-MAX aircraft by 2030, which reduces carbon emissions by 16%.
  • Also ReadGOL To Receive $200M Investment From American Airlines, Upgrades Codeshare Agreement.
  • Price Action: GOL shares are trading higher by 4.71% at $7.45 on the last check Tuesday.
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