GOL Plans To Bolster MAX Fleet To Over 50 By 2023

GOL 737 MAX
Credit: Boeing

Brazilian airline GOL plans to end 2023 with 53 Boeing 737 MAX aircraft as it works toward the type representing 50% of its fleet by 2025. 

Aviation Week Network’s Fleet Discovery database shows GOL has 38 737-8s in operation. In recently updated financial guidance, GOL said it ended 2022 with a total average operational fleet of 102 aircraft. GOL expects to have an operational fleet of 118 to 122 fleet at year-end 2023, including its targeted 53 MAX narrowbodies.

GOL said it expects to achieve savings of BRL400 million ($75 million) in 2023 from the additional MAX jets joining its fleet. 

Previously, GOL has said it aims to end 2025 with a fleet of 150 aircraft, split equally between 737NGs and MAX narrowbodies. GOL’s order book comprises 111 MAX family aircraft according to Fleet Discovery, specifically 37 737-10s and 74 737-8s. 

In 2022, GOL CEO Celso Ferrer said he’d like Boeing to develop a 737-8ER that could support flights to Europe and more destinations in North America. 

Ferrer concluded that GOL was pushing the existing 737-8 to its limits by operating three of the longest routes in its network with the aircraft—Brasilia to Orlando, Cancun and Miami. 

GOL expects its revenue in 2023 to grow by 32% year-on-year on previously projected revenue in 2022 of BRL15.4 billion. 

Lori Ranson

Lori covers North American and Latin airlines for Aviation Week and is also a Senior Analyst for CAPA - Centre for Aviation.