GOL Plans To Launch Network Of 250 eVTOL Aircraft In Brazil

GOL Linhas Aereas Inteligentes SA GOL, in conjunction with Grupo Comporte, an entity of its controlling shareholder, signed a non-binding letter of intent with Avolon for the acquisition and/or lease of 250 electric vertical takeoffs and landing (eVTOL) aircraft.
Grupo Comporte provides the investment capital required for the project and will engage GOL to develop the flight network using VA-X4 eVTOL aircraft, created by the British enterprise Vertical Aerospace.
The VA-X4 can carry up to four passengers and one pilot, with a range of 160 km (100 miles) and a maximum speed of 320 km/h (200 mph).
GOL expects to start operating a flight network in Brazil using eVTOL planes by mid-2025.
GOL, which currently operates a fleet of 127 Boeing Co BA 737 aircraft, plans to transition 75% of its fleet to the 737-MAX aircraft by 2030, which reduces carbon emissions by 16%.
Also Read: GOL To Receive $200M Investment From American Airlines, Upgrades Codeshare Agreement.
Price Action: GOL shares are trading higher by 4.71% at $7.45 on the last check Tuesday.