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GOL Announces a Study of Flights to The United States of America

Direct News Source

01-Mar-2012 GOL Linhas Aéreas Inteligentes S.A. (BMF&BOVESPA: GOLL4 and NYSE: GOL),(S&P/Fitch: BB-/BB-,Moody's: B1), the largest low-cost and low-fare airline in Latin America, hereby informs that it is always evaluating new opportunities that add to business results and benefits the customers, and therefore, requested ANAC a consultation about the availability of 14 weekly flights to the United States of America, and another seven frequencies to Venezuela. ANAC's rules number 325 and number 326 designate the frequencies as provided in bilateral agreements between the countries involved.

The Company clarifies that the procedure also requires the fulfillment of several legal requirements. This is the first step in a process for the inclusion of new international frequencies.

To formalize the final request with the appropriate authorities, the Company must request the Hotran, a document that clearly identifies the airline airports of origin and destination, frequency of flights, timetables, aircraft and other specific technical data. When having all relevant information, GOL shall make technical and financial studies for a final assessment on the implementation of the flights.

The frequencies are allocated for a period of six months and will only be maintained with the Hotran's approval.

The Company notes that the studies predict the use of current equipment (737 NG), keeping its settings. There is no prediction at this point of any additional equipment.

The Company reiterates its domestic supply guidance for 2012 of between 0%-2%. The Company's fleet plan for 2012 and next years is being revised in order to encompass the low growth scenario and the demand of Webjet's fleet renewal. As soon as the Company have a definition, the plan will be informed to the market.