Brazil’s GOL Linhas Inteligentes is attempting to generate BRL650 million (US$403 million) in savings to mitigate the effects of an increasingly competitive domestic market that caused second quarter sales to decline from last year’s level and pushed the company’s operating performance into the red. The initiative includes a targeted BRL100 million decrease in maintenance expense in 2012, with a focus on reducing the maintenance costs arising from GOL’s outsourcing contract with Delta ...
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