Gol Targets Mexico

Sao Paulo-based Gol Linhas Aereas Inteligentes, Brazil’s third-biggest airline, agreed to team up with businessman Fernando Chico Pardo to set up a low-cost airline in Mexico. Flights are set to start in the second quarter of 2006. Within Brazil Gol is following Southwest Airlines´ low-budget model and is stealing business from Brazilian majors Varig and Vasp.