GOL Linhas Aereas Inteligentes has seen losses wide for the second quarter of 2011, with Brazil’s second largest airline losing BRL358.7 million over the period. This is up from BRL51.9 million a year earlier, Sao Paulo-based Gol said in a statement.

Gol Linhas Aereas Inteligentes’s plans to acquire rival airline Webjet Linhas Aereas may have hit a snag, with reports Brazilian antitrust regulators Cade may block the deal. The deal – worth R96 million ($61 million) – was announced early this month, as Gol seeks to build its market share.

Brazil is paving the way to open its aviation industry up to foreign ownership, in a move aimed at attracting much-needed infrastructure improvements in the build-up to the 2014 World Cup and the 2016 Olympics.

GOL Linhas Aereas Inteligentes S.A., the largest low-cost and low-fare airline in Latin America, recorded its highest demand in the domestic market for the second consecutive month in the year-on-year comparison since it began operations in 2001.

GOL Linhas Aereas Inteligentes S.A. the largest low-cost and low-fare airline in Latin America, has developed its own program for managing aircraft maintenance waste at its operational bases.

GOL Linhas Aereas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, announces an organizational restructuring designed to streamline business management and reduce the number of Vice-Presidents.