Brazil’s Gol Is 50, 50 Jets Strong That Is

The Brazilian airline company Gol added the 49th and 50th aircrafts to their fleet, made up of Boeing 737 airplanes. With this, the company will expand to 530 their daily operations, in 50 airports in 47 cities throughout Brazil and South America.

According to the company’s communications advisory. the Gol aircrafts fly, in average, more than 14 hours per day. This is the greatest productivity rates in Brazil and one of the best in the world. In addition, the company’s 25-minute turnaround time is one of the shortest among airlines throughout the world.

Gol also announced that it has increased its fleet plan for the 2006-2008 period as part of the Company’s continuing plans for route expansion and cost reductions. The fleet expansion should meet the increasing demand in the Brazilian domestic market – an estimated growth of 18% in 2006.

Earlier this week, Gol commemorated its second anniversary as a publicly-held company listed on the New York and São Paulo stock exchanges, by announcing the launch of a new version of its Investor Relations (IR) site. 

In line with the company’s differentiated financial communications strategy, Gol’s new IR site includes several innovations, such as customizable home pages for different investor constituencies: analysts, institutional investors and retail investors.

Gol’s shares began trading on June 24th, 2004, and as of Friday’s close, Gol ADSs recorded appreciation of 303%, and GolL4 shares recorded appreciation of 186%.  The average daily trading volume of Gol’s shares, on the NYSE and Bovespa, was over US$ 10 million in 2005, which placed them among the most traded airline securities. 

A Bovespa Corporate Governance Level 2 company, in 2005 Gol shares were included in the IBrX50, IGC, ITAG and MSCI indexes, which reflects the increasing liquidity of its preferred shares.

The company is one of the few South American issuers which has complied with the requirements of the Sarbanes-Oxley Act.  The Company was one of the 17 pioneering firms worldwide to adopt the SEC’s pilot XBRL program and its results in US GAAP will shortly be available in this format.

  In addition to customizable home pages, other innovations include:
  * layout and content in HTML, with more user-friendly printouts;
  * historical price search tools for GolL4 and Gol;
  * dividend and return calculator for GolL4 and Gol;
  * search engine for the entire site;
  * archive section, streamlining information procurement;
  * feedback facility to aid continuous assessment and fine-tuning of the IR
    site;
  * personalized investor kit and disclosure package.

Gol – www.voegol.com.br

Tags:

You May Also Like

Brazil Afraid Senegalese Immigrants Might Bring Ebola

The state government of Acre in northern Brazil has urged Brazilian federal authorities to ...

Ethanol Production in Brazil Jumps 20% Thanks to Country’s Eco-Friendly Fleet

Brazil's production of ethanol grew approximately 20% in the current crop, and sugarcane production ...

One of the ambulances sold by the Ambulances Mafia in Brazil

Ambulances, Prostitutes, Kickbacks… Here Comes the Latest Brazilian Scandal

The latest affair to rock the Brazilian republic, involving more than 100 congressmen charged ...

How Brazil Fooled the Whole World on AIDS

The World Bank’s forecast in the decade of the ’80’s about the growth in ...

Brazil to Discuss Trade Tariff Reduction at Summit of South in Doha

The reduction of trade tariffs between developing countries will be one of the themes ...

Brazil Does Not Want a Quota System from Russia

Vice president José Alencar reports that he has had discussions with Russian prime minister, ...

Bye-Bye, Song Bird

Born on May 23, 1908 (some experts say it was in 1902), in São ...

Brazil Has Already Exported Over US$ 1.2 Billion to Arabs in 2006

Brazilian exports to the Arab countries have been growing every month. In March, shipments ...

Brazilian Air Controllers Want Militaries Out and Dozens of New Staff

For a week now Brazilians are facing 40-minute to 4-hour delays in all their ...

Brazil: Bullying and Death in the Countryside

The police investigated the site, made their report, and even succeeded in arresting landowner ...