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GOL Receives Authorization to Fly to Chile
São Paulo, April 26, 2006 GOL Linhas Aéreas Inteligentes (Bovespa: GOLL4 and NYSE: GOL), Brazils low-cost, low-fare airline, today announced it has received authorization from the International Relations Department of the ANAC (National Agency of Civil Aviation) to operate regular flights to Santiago de Chile. With this authorization, the Company will begin taking the necessary steps to operate on this new route.
The ANAC has authorized GOL to operate 21 regular flights per week to Santiago, with the modern Boeing 737-800, an aircraft with a seat capacity of 177. "With a strong economy and high potential for growth, Chile is a strategic destination in GOLs plan to integrate the economies of South America, says Tarcísio Gargioni, Vice President of Marketing and Services of GOL. This authorization, in addition to the six international destinations GOL already serves, will further extend the popularization of air transportation to our South American neighbors, generating more business opportunities and bringing advantages to our customers.
Chiles population is approximately 14 million. In 2005, its GDP grew 6.3%, the highest rate level since 1997, and one of the highest growth rates in Latin America last year.
About GOL Linhas Aéreas Inteligentes
GOL Linhas Aéreas Inteligentes, a low-cost, low-fare airline, is one of the most profitable and fastest growing airlines in the industry worldwide. GOL operates a simplified fleet with a single class of service. It also has one of
the youngest and most modern fleets in the industry that results in low maintenance, fuel and training costs, with high aircraft utilization and efficiency ratios. In addition, safe and reliable services, which stimulate GOLs brand recognition
and customer satisfaction, allow GOL to have the best value proposition in the market. GOL currently offers over 470 daily flights to 49 major business and travel destinations in Brazil, Argentina, Bolivia, Paraguay and Uruguay. GOL growth plans
include increasing frequencies in existing markets and adding service to additional markets in both Brazil and other high-traffic South American travel destinations. GOL shares are listed on the NYSE and the Bovespa. GOL: here everyone can fly!
For more information, flight times and fares, please access our site at www.voegol.com.br or call: 0300-789-2121 in Brazil, 0810-266-3131 in Argentina, 800-1001-21 in Bolivia, 0004 055 127 in Uruguay, 009 800 55 1 0007 in Paraguay and 55 11 2125-3200 in other countries.
CONTACT: GOL Linhas Aéreas Inteligentes S.A.Media Brazil and Latin America: Roberta Corbioli, or Lucas Toyama MVL Comunicação (São Paulo) Ph: (5511) 3049-0343 / 3049-0342 e-mail: roberta.corbioli@mvl.com.br |
Media U.S. and Europe: Meaghan Smith Gavin Anderson & Company (New York) Ph: 212 515 1904 e-mail: msmith@gavinanderson.com |
This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of GOL. These are merely projections and, as such, are based exclusively on the expectations of GOLs management concerning the future of the business and its continued access to capital to fund the Companys business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed in GOLs filed disclosure documents and are, therefore, subject to change without prior notice.
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GOL LINHAS AÉREAS INTELIGENTES S.A.
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By: |
/S/
Richard F. Lark, Jr. | |
Name: Richard F. Lark, Jr.
Title: Vice President Finance, Chief Financial Officer
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.