Gol to progressively phase out WebJet 737-300s

Washington DC
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Brazilian carrier Gol plans a gradual phase out of the Boeing 737-300s operated by acquisition target WebJet as the leases for the jets expire.

Gol revealed plans to acquire the smaller Brazilian LCC on 8 July, and during 11 July call to discuss the purchase, Gol CFO Leonardo Porciúncula Gomes Pereira stated that Gol anticipates returning the aircraft as "we have this transaction approved".

Pereira explained some of WebJet's 737-300s start coming off lease in 2012, and the majority of the lease expirations occur in 2013.

The carrier also assured that the expense of retuning WebJet's aircraft will be less than what was incurred for the return of 27 737-300s operated by Varig successor VRG after its acquisition by Gol in 2007. "It will be much less than what we had with VRG contracts," said Gol CEO Constantino de Oliveira Júnior.

Pereira highlighted that many of WebJet's lessors are "important lessors of Gol", and explained the Boeing 737-700s "allow us to deliver a very efficient combination and network", considering the different sized airports WebJet serves. "We will continue to have mix of -700s and -800s."

WeJet currently offers 154 daily flights to 13 destinations.