RIO DE JANEIRO, BRAZIL — The Brazilian low-cost carrier GOL Linhas Aéreas Inteligentes has announced the acceleration of its fleet modernization process by signing agreements for 28 additional Boeing 737 MAX 8 jets.

"We are accelerating our fleet transformation plan in anticipation of a strong recovery in travel in the post-pandemic environment," said GOL CEO Paulo Kakinoff.

"The 737 MAX positions GOL more competitively for growth through the expansion of routes and destinations, while also enhancing the Company's value for all stakeholders through increased efficiency."

The total 28 Boeing 737 MAX 8 aircraft will replace 23 Boeing 737-800 NGs by the end of 2022. The Company currently operates 12 737 MAX aircraft, having returned 18 B737 NGs in the past 18 months. As a result of the new agreements, GOL will now end 2021 with 28 737 MAX aircraft (22% of the total fleet), and by the year-end 2022 will have received delivery of 44 737 MAX aircraft (32% of the total fleet). With its current 737 MAX commitments, GOL will meet its objective of having a 75% MAX fleet by 2030.

Bringing in the 737 MAXs, will also enable GOL to accelerate returns of -700 and -800 NGs aircraft on short-term leases.