GOL Celebrated Seventh Anniversary as one of Latin America’s Largest Airline Groups

GOL, Brazil’s low-cost, low- fare airline, celebrated its seventh anniversary of operations, transporting more than 75 million passengers across Brazil and South America.

The Company, which entered the Brazilian aviation market with the aim of popularizing air transportation, surpassed a 40 percent domestic market share in December 2007 and reported average load factors in 2007 of 70 percent, one of the highest in the industry.

GOL’s current fleet of 78 aircraft operates 640 daily flights to 60 destinations, including eight abroad. The carrier began international operations in 2004, with flights to Buenos Aires, Argentina.

In 2007, GOL acquired VRG, making the Company one of the largest airline groups in Latin America, with 20 million passengers transported each year. The acquisition enabled GOL’s entry in the long-haul international sector with destinations in Europe, South America and North America, and allowed for the VARIG brand to remain under Brazilian management with the potential for growth, strong results and the creation of new job opportunities.