Gol’s War Plan to Deal with 90 Days of Coronavirus Crisis

The plan outlined in ten days by the company includes salary reduction, renegotiations and shutdown of 90 percent of aircraft.

RIO DE JANEIRO, BRAZIL - Gol airline has prepared its business for what it considers the extreme scenario: full stop for up to three months, if required. The rule, however, is to act and be flexible according to demand.

Meet as much as possible, at the lowest cost. In ten days, a team of 30 people on the board planned and executed measures ranging from cost cutting, cash management with suppliers to organizing the flow of aircraft maintenance for resumption.

With revenue at a standstill and heavy debt, the company expects a clearer scenario to guide its next steps. Virtually all . . .

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