Gol Said to Weigh $1.7 Billion in 737 Max 7 Jets Against Embraer

Gol, Brazil’s biggest airline, is considering small, single-aisle jet models from Boeing Co. and Embraer SA valued at as much as $1.7 billion to replace older aircraft, people familiar with the matter said.

The 20 planes probably would be taken on leases, said one of the people, who asked not to be identified because the details aren’t public. Gol, formally known as Gol Linhas Aereas Inteligentes SA, may make a decision by the end of the first quarter, the person said.