IBOV 187,206.89 ▼ 0.56% IPSA 11,220.60 ▼ 0.16% IPC MEX 63,924.77 ▼ 0.28% MERVAL 3,098,898 ▼ 1.87% COLCAP 2,589.69 ▼ 1.41% BVL PERÚ 59,373.28 ▼ 0.32% USD/BRL5.13▲ 0.12% USD/MXN16.96▼ 0.08% USD/CLP941.13— 0.00% USD/COP3,079▲ 0.06% USD/PEN3.35▼ 0.07% USD/ARS1,509▼ 0.02% USD/UYU40.26— 0.00% USD/PYG5,903— 0.00% USD/BOB11.98— 0.00% USD/DOP58.96— 0.00% USD/CRC447.55— 0.00% USD/GTQ7.63— 0.00% USD/HNL26.85— 0.00% USD/NIO36.62— 0.00% USD/VES830.41▼ 1.28% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.74— 0.00% EUR/BRL5.95▲ 0.53% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 187,206.89 ▼ 0.56% IPSA 11,220.60 ▼ 0.16% IPC MEX 63,924.77 ▼ 0.28% MERVAL 3,098,898 ▼ 1.87% COLCAP 2,589.69 ▼ 1.41% BVL PERÚ 59,373.28 ▼ 0.32% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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GOL Airlines to Resume Brazil-Venezuela Flights

By · October 4, 2023 · 2 min read

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Brazil’s GOL Airlines intends to resume flights to Venezuela after withdrawing from the market in 2016 due to revenue concerns.

Since then, direct flights between Brazil and Venezuela have been nonexistent. Travelers have had to rely on layovers, mostly in Panama.

Venezuela seeks economic integration with Brazil and Colombia amid crisis.

President, Nicolás Maduro, directed his new economic ministers to work towards economic integration in the Latin America and Caribbean region.

Maduro highlighted the necessity of enhancing productive integration with South America and the Caribbean, especially with Colombia and Brazil.

GOL Airlines to Resume Brazil-Venezuela Flights.
GOL Airlines to Resume Brazil-Venezuela Flights.
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Venezuela’s suspended status in Mercosur complicates its global standing, making reintegration a strategic move, especially given its abundant oil reserves.

Last August, GOL began talks with Venezuelan officials to renew this route. Recently, Venezuela’s Transport Minister confirmed the plan on local radio.

The airline has scheduled four weekly flights for this service. These flights will link São Paulo’s Guarulhos Airport to Caracas, Venezuela’s capital.

The company will use Boeing 737-800 and 737 MAX 8 planes. The relaunch is set for December.

The resumption signifies an easing of aviation tensions. Political and economic issues have led to declining air travel to Venezuela in recent years.

The reentry of GOL can encourage other airlines to follow suit. It could also help boost Venezuela’s tourism industry.

Background

Airlines from other nations may take cues from GOL’s move. Direct flights to Venezuela remain scanty, primarily due to political instability.

This decision could serve as a test case for other international airlines. If successful, GOL may pave the way for more airlines to resume operations there.

In contrast, some airlines are reluctant to operate in Venezuela. Concerns include currency repatriation and operational safety.

GOL’s positive step could prompt a reevaluation of these concerns.

Additionally, the four-times-weekly schedule indicates a cautious optimism. GOL appears to be testing the market initially. Based on consumer response, they could modify the frequency later.

The timeline is intriguing, with December chosen for the relaunch. This coincides with the holiday season, a peak time for air travel.

The timing seems strategic, aimed at maximizing initial flight bookings.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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