Gol progresses in removing 737-300s from fleet

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Brazilian low-cost carrier Gol expects to return the remaining leased aircraft operated by its former subsidiary Webjet by end June.

Gol announced in November 2012 it would shut down Webjet, a month after its acquisition of the airline was approved by Brazil's competition watchdog CADE. The move grounded Webjet's 20 Boeing 737-300s.

As of 25 March, Gol had returned three of Webjet's 13 remaining leased aircraft, the airline says today in an update with its fourth quarter financial results.

The remaining 10 aircraft should be returned by the end of June, it adds.

Former Webjet staff had asked Brazil's competition watchdog CADE to reconsider its earlier decision to allow Gol to acquire Webjet, but Gol's executives indicated in an earnings call today that there has been no such ruling from CADE.

Besides Webjet's 13 remaining 737-300s, Gol also has an additional six of the type which are not in its operating fleet. The airline says it is in the process of negotiating the sale of these six aircraft.

Gol ended 2012 with an operating fleet of 37 737-700s, 88 737-800s and three 767-200/300s.