GOL to Commence Construction of Aircraft Maintenance Center
SAO PAULO, Brazil, June 21, 2005. GOL Linhas A'ereas Inteligentes S.A. and Bovespa, Brazil 's low-fare, low-cost airline, announced that it will commence the construction of its new Aircraft Maintenance Center in Confins (Minas Gerais State). Construction will begin in July 2005 and is expected to be completed by early 2006 at a cost of R$30.5 million.
GOL recently reformulated its plans for the Aircraft Maintenance Center project in order to support its fleet expansion, which will reach 70 aircraft in 2009. To better accommodate this growth, total investments previously announced have been increased, and funding for the building process should be granted by Brazilian development banks. The project reformulation will allow the maintenance of larger aircraft such as the Boeing 787, the painting of aircraft fuselage, and maintenance of planes from third parties. "This Center provides the necessary conditions to serve as an additional revenue source in the future," said David Barioni, GOL's Technical Vice-President.
The new Center will offer state-of-the-art technology and the application of the most modern aircraft repair techniques. With a total area of 186,214 square feet, the Center is divided into three sections: Hangar 1, a 51,667 square foot area with a capacity for up to three aircraft; Hangar 2, a 21,528 square foot area with the capacity for one aircraft; and 113,021 square feet of administrative offices. The new Center will generate 250 jobs and result in over US$2 million in annual savings for the airline. M'etodo Engenharia S.A, chosen in a bidding process, will be the engineering company responsible for the Center's construction.
GOL currently outsources its maintenance services. "The construction of a proprietary Maintenance Center will provide GOL with more flexibility and lower costs while maintaining the highest standards of quality as we continue to expand our fleet," added Mr. Barioni.
In January 2005, GOL signed a letter of intent to build the Maintenance Center at the Tancredo Neves International Airport , located in the city of Confins ( Minas Gerais State ). This was done in conjunction with the Minas Gerais State government and with the support of Infraero (Brazilian Airport Infrastructure Company). GOL chose Confins because of its nearby Tancredo Neves International Airport which, with a superior infrastructure, is one of the best airports in Brazil.
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