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Gol Linhas Aereas Inteligentes SA Starts Winding up Webjet's Activities; Lays off 850 Employees of Webjet

Friday, 23 Nov 2012 08:05am EST 

Gol Linhas Aereas Inteligentes SA (Gol) announced that, as of November 23, 2012, it will begin the process of winding up the activities of its subsidiary Webjet and the discontinuation of its brand. The first step is to extinguish flight operations. Webjet has an operational model based on a fleet that mostly consists of aging Boeing 737-300 aircraft that are advanced age, technologically out of date and consume a lot of fuel and is no longer competitive. As a result of the winding up of operations, around 850 employees, including flight and cabin crew and maintenance personnel, will be laid off. Webjet's clients and passengers will be fully served by Gol and their flights will be guaranteed. As of November 23, 2012, Gol will be responsible for all air transport and associated services for these passengers. In this context, all the necessary measures are been taken.