Boeing Compensation Helps Build Cash Reserves For Brazil’s GOL

Lori Ranson May 07, 2020
aircraft
With the latest cancellations, GOL now has 95 MAX narrowbodies on order—73 MAX-8s and 22 MAX-10s.
Credit: Boeing
The recent decision by Brazil’s largest domestic airline GOL to cancel orders for 34 Boeing 737 MAX narrowbodies has coincided with a compensation payment from the airframer, bolstering GOL’s cash balances to withstand the COVID-19 pandemic. GOL has seven MAX jets grounded, and at one point, the...
Lori Ranson

Lori covers North American and Latin airlines for Aviation Week and is also a Senior Analyst for CAPA - Centre for Aviation.

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