Sao Paulo, Brazil, 26 April – Brazilian air carrier Gol – Linhas Aéreas Inteligentes eis prepared to take on some of state airline Varig’s routes if the company goes bankrupt, Gol’s chairman said Tuesday.
Constantino Júnior said that Gol could acquire airplanes from Varig, which are left unused due to the state carrier’s current financial crisis.
“Our aim is to minimize any negative situation in the industry. We are concerned about maintaining the sector’s credibility,” Júnior said during a presentation of its first quarter 2006 results.
Júnior also said that Gol was in the process of applying to the Brazilian authorities to take up some of the routes recently given up by Varig.
In the first quarter of 2006, Gol posted profit of US$79.99 million, a year on year increase of 42.9 percent, the company said.
The company’s increased profits were a result of a larger number of airplanes operating and the greater variety of routes offered by Gol in the period, the company said in a statement.
The result is also due to the crisis Varig is currently undergoing, which has led to other companies in the sector increasing their market share. (macauhub)