LATAM Looks To Acquire 25 Boeing 737s from GOL

LATAM Looks To Acquire 25 Boeing 737s from GOL
Rafael Luiz Canossa, CC BY-SA 2.0 , via Wikimedia Commons

It has been revealed this week that LATAM has reached out to lessors and other parties regarding an interest in up to 25 Boeing 737s from GOL.

GOL is currently under Chapter 11 proceedings in the United States, following restructuring efforts needed by the Brazilian carrier.

Without further ado, let’s get into it…

LATAM Looks To Acquire 25 Boeing 737s from GOL…


LATAM Looks To Acquire 25 Boeing 737s from GOL
BriYYZ from Toronto, Canada, CC BY-SA 2.0 https://creativecommons.org/licenses/by-sa/2.0, via Wikimedia Commons

Etihad affiliate link banner

In a statement, LATAM has said the following on this:

“LATAM Airlines, based in Santiago, has reached out to lessors and relevant parties if an effort to acquire up to 25 B737s currently operating with Brazilian rival GOL Linhas Aereas, as the latter recently enter judicial reorganization under Chapter 11 in the US.”

“In the New York Bankruptcy Court, GOL’s attorneys stated that some lessors received letters from LATAM saying that , “in view of recent events”, they would be interested ​in discussing the possible leasing of 20 to 25 Boeing 737 aircraft.”

“The letter comes at a time when GOL has had difficulties negotiating its contracts, and when there is a shortage of aircraft industry-wide.”

“LATAM acknowledged in the note that it has been in contact with relevant fleet stakeholders and it “has been active in the market for several months with the aim of ensuring the necessary capacity to meet current and long-term needs in the context of global supply chain challenges and shortages of aircraft and engines”.

“The Aviation Working Group highlighted that the deadline for lessors to start searching for GOL aircraft ends on 24 February 2024, despite US law saying the grace period should be 120 days.”

All eyes will be on how this goes.

Did you know AviationSource has two newsletters? One covers the general news and analysis of the industry as a whole, and the other to do with emergencies that take place throughout the year! To subscribe to our General News Newsletter, CLICK HERE!
To subscribe to our Emergencies, Accidents & Incidents Newsletter, CLICK HERE!

Click the photo to join our WhatsApp channel so then you can stay up to date with everything going on in the aviation industry!

TAGGED:

King Abdulaziz International Airport receives first flight from Turkmenistan

Saudi Arabia's King Abdulaziz Airport has seen the first commercial flight arrive from Turkmenistan, opening avenues of economic and cultural

Len Varley By Len Varley

London Gatwick: New Chinese Services

London Gatwick (LGW) has announced that this coming summer season, the airport will have new Chinese services. This article will

Jamie Clarke By Jamie Clarke

Ryanair moves aircraft and staff in response to Dublin Airport traffic cap

Ryanair will redirect three aircraft, 16 routes, and relocate over 200 jobs to Southern Italy due to the restrictions imposed

Len Varley By Len Varley

Biden administration releases nearly $1B in grants for US airport improvements

An investment of $970 million from President Biden’s Bipartisan Investing in America agenda will be allocated to US airport upgrades

Len Varley By Len Varley
You Might Also Enjoy