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Boeing inks Brazil biofuel pact with GOL Airlines

US airframer Boeing (NYSE: BA]) and Brazilian carrier GOL Linhas Aereas Inteligentes SA (BM&FBOVESPA: GOLL4) (NYSE: GOL) said they will work together to speed the research development and approval of new sources of sustainable aviation biofuel in Brazil.

According to the companies, the collaboration will support GOL´s plans to use this lower-carbon jet fuel on more flights during upcoming major sporting events and also will benefit long-term development of a new sustainable aviation biofuel industry in Brazil.

Paulo Sergio Kakinoff, chief executive officer of GOL, and Van Rex Gallard, vice president of Sales for Africa, Latin America and the Caribbean, Boeing Commercial Airplanes, signed a memorandum of understanding for biofuel collaboration at the Latin America and Caribbean Air Transport Association Airline Leaders Forum 2013.

GOL said it plans to use sustainable biojetfuel on 200 flights during the major sporting event in Brazil in 2014 and to incorporate biofuel into 20 % of its flights during the major sporting event taking place in Rio de Janeiro in 2016.

Boeing will work with GOL to identify and select the most promising feedstocks and refining technologies and then will play a leading role in the approval process for new fuel pathways to ensure the fuel meets safety and performance standards.

On Oct. 23, Brazil´s Aviator´s Day, GOL conducted Brazil´s first commercial biofuel flight in a Boeing 737-800 powered in part by sustainable aviation biofuel made from waste cooking oil and blended by Petrobras, with support from the Inter-American Development Bank.

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