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GOL Linhas Aereas Inteligentes S.A.

GOL announces commercial agreement with Passaredo Linhas Aereas

Dec 22, 2010

SAO PAULO - GOL Linhas Aereas Inteligentes S.A., the largest low-cost and low-fare airline in Latin America, has signed a commercial agreement to sell, in all its sales channels, tickets of Passaredo Linhas Aereas, a Brazilian domestic airline that recorded growth of 130.89% last year.

Passaredo currently operates 103 flights to 20 destinations in Brazil. As a result of the agreement, GOL will add the cities of Marilia, Ribeirao Preto, Sao Jose de Rio Preto (Sao Paulo), Barreiras, Vitoria da Conquista (Bahia) and Ji-Parana (Rondonia) to its route network. GOL, operating through Passaredo, also offers eight new direct flights, including Porto Alegre (Rio Grande do Sul) to Goiania (Goias) and Uberlandia (Minas Gerais) to Rio de Janeiro (Santos Dumont Airport).

GOL passengers connecting with Passaredo flights will only need to check-in once and their baggage will go directly to the final destination.

Based in Ribeirao Preto, Passaredo Linhas Aereas began operations in 1995. Its fleet currently comprises 15 aircraft ‚Äď five Embraer EMB-120s and ten Embraer ERJ-145 jets, with a capacity for 30 and 50 passengers, respectively. By July 2011, however, it will be operating 23 aircraft, with the addition of eight already contracted ERJ-145s.

"This is a strategic agreement for GOL because Passaredo is a well-known regional airline which will add important destinations to our route network, improving our penetration and offering our passengers new direct flight options", declared Claudia Pagnano, GOL's Market Vice-President.

The routes will be handled by all GOL's sales channels, available for purchase up to the day before the flight. The agreement does not include the accumulation of SMILES mileage on Passaredo flights.

For Captain Felicio, the CEO of Passaredo Linhas Aereas, the company is assuming a strategic position in the market. "GOL is an excellent partner. We believe in a strong regional aviation market, where we will be operating with penetration for one of the leading airlines in Latin America. This is the system they use in North America and Europe", he concluded.

GOL announces commercial agreement with Passaredo Linhas Aereas

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