Brazil’s Gol Airline Merges Varig and Gol, But Keeps Both Brands

Gol and Varig planes side by side Brazilian airline Gol Linhas Aéreas, which controls Gol and Varig announced this Wednesday, July 30, that it submitted to Brazil's National Civil Aviation Agency (ANAC) a request for authorization for a corporate restructuring of its subsidiaries to combine them into a single company.

The acquisition in March 2007 of the once flagship airline Varig by Gol was approved by Cade, the Brazilian Antitrust Agency on June 25.

The proposed reorganization, says Gol in a press release "aims to improve Gol's operational structure, will provide more efficient air transportation services through the integration of GTA (Gol Transportes Aéreos) and Varig's operations as the company explores synergies, broadens and improves service offerings."

"It will simplify the corporate structure of Gol's subsidiaries, maximizing administrative efficiencies, optimizing revenues and reducing financial and operational costs, besides greater operational flexibility."

Gol vows that all current rights and obligations of both companies will be respected and the brands Gol and Varig should be maintained separately.

The final reorganization is dependent upon ANAC's approval, under the terms of Article 186 of the Brazilian Aeronautics Code and other conditions. Gol says it will continue to release information regarding ANAC's decision and while it starts to implement the proposed changes.

Gol offers over 640 daily flights to 56 destinations connecting the most important cities in Brazil as well as the main destinations in South America. Varig offers over 120 daily flights to 14 destinations in Brazil.


  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


You May Also Like

With and Eye to the US Market Brazil’s Glasart Reinvents Household Accessories

Mirrors with typical Brazilian adornments, such as buriti straw and banana tree fibre, aimed ...

Brazil’s Exchange Flow in the Red by Over US$ 2 Billion This Month

The total of dollar inflow and outflow in Brazil was negative at US$ 2.163 ...

New Data on Brazil’s Low Competitiveness Are Not Accurate, Says Minister

Brazil dropped eight places in the global competitiveness ranking, according to a report released ...

Ahmadinejad’s Provocation in Brazil: US and Israel Have no Courage to Attack Iran

Is Mahmoud Ahmadinejad, the president of Iran, worried about a possible military attack by ...

Brazil Makes from Melted Weapons a Children’s Park

The weapons turned in to the state of São Paulo, Brazil, in the Disarmament Campaign ...

Brazil's beverage company Ambev one of the most profitable

Brazil Discovers the World of Open Capital and Is Making Money

The number of Brazilian companies that opened their capital between 2004 and March this ...

Brazil Celebrating Low Unemployment and High Industrial Output

It was the lowest unemployment rate in Brazil for the month of March since ...

Standard & Poor’s Once Again Upgrades Brazil’s Credit Rating

US-based financial compass Standard & Poor’s says it has revised its outlook on Brazil’s ...

It’s Time for the U.S.-Brazil’s Civil Society to Stand Up and Be Counted

For over a decade United States-Brazil relations have been tangled up in deliberations for ...

Petrobras Biofuel Has Big Plans for Brazil

The Board of Managers at Brazil's Petrobras Biofuel is going to present, during a ...