Mercadolibre, Brazilian airline Gol announce logistics partnership
2022.04.19 17:05
FILE PHOTO: An aircraft of Gol Linhas Aereas Inteligentes SA prepares to depart from Congonhas airport in Sao Paulo, Brazil September 11, 2017. REUTERS/Paulo Whitaker/File Photo
SAO PAULO (Reuters) – Mercadolibre (NASDAQ:MELI) Inc and Brazilian airline Gol Linhas Aereas Inteligentes SA on Tuesday announced a 10-year logistics partnership for cargo transportation in the South American country.
Under the deal, Mercadolibre will exclusively use six Gol-owned Boeing (NYSE:BA) 737-800 BCF aircraft, with the option to add another six aircraft to the operations by 2025, the companies said.
Operations are scheduled to start in the second half of 2022.
With the deal, Gol said it expects its logistics unit GOLLOG to add 100 million reais ($21.43 million) in revenue in 2022 and 1 billion reais over a five-year period.
The airline also said it will save about 25 million reais in 2022 and 75 million reais in 2023 thanks to the partnership, as it updates its aircraft fleet.
Mercadolibre said it expects to increase its air cargo transportation in Brazil to 40 million packages per year from 10 million currently.
($1 = 4.6654 reais)
