Brazil’s GOL has launched a new business unit to provide aircraft maintenance, repairs, and aircraft and components overhauls.

The new business unit is called GOL Aerotech and it extends the airline’s expertise in aircraft maintenance to third-party airlines around the world for the first time and generates a new source of revenue for the company.

GOL Aerotech is located at the Confins Airport in Minas Gerais, Brazil, where GOL conducts MRO on its own single fleet of Boeing aircraft. GOL expects revenues of R$140 million in 2020 for GOL Aerotech. Capital Group and Dubai Aerospace are among its first customers.

Celso Ferrer, GOL’s vice president of operations, said: “Our maintenance center is already recognized as the most advanced in Latin America, and with the launch of GOL Aerotech we create a new competitive advantage.

“With more than 13 years of aircraft maintenance experience performed on GOL’s own aircraft, we have refined key processes and advanced the necessary requirements to serve our customers with excellence.”

GOL Aerotech is qualified to perform maintenance services for companies and airlines that have Boeing 737 Next Generation, 737 Classic, 737 MAX and Boeing 767 family aircraft. It is certified by national and international regulators such as ANAC (National Agency Civil Aviation Administration, Brazil), the FAA (Federal Aviation Administration, United States) and EASA (European Union Aviation Safety Agency).