Brazilian low-cost carrier Gol is to buy 60 of Boeing's forthcoming narrow body 737 Max aircraft, with the first due to be delivered to it in 2018.
Gol said the new planes were 13% more fuel-efficient than its current fleet and would help to cut its costs.
The airline is currently reducing its workforce by 2,500 jobs, or 12%, as it seeks to return to profitability.
Despite a big rise in overall passenger numbers in Brazil in recent years, as the country's economy has grown strongly, Gol has struggled to compete against larger rival Tam in the face of high fuel prices.
Source & Image : BBC
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