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GOL receives ANAC approval for Webjet acquisition

Direct News Source

21-Sep-2011 GOL Linhas Aéreas Inteligentes S.A. (BM&FBovespa: GOLL4 and NYSE: GOL), (S&P/Fitch: BB-/BB-, Moody's: B1), the largest low-cost and low-fare airline in Latin America, yesterday (September 20, 2011) received approval from the National Civil Aviation Agency (ANAC) to conclude the acquisition of Webjet Linhas Aéreas S.A. by GOL Linhas Aéreas Inteligentes S.A., through its subsidiary VRG Linhas Aéreas S.A., in accordance with the Memorandum of Understanding executed on July 8, 2011.

The two companies are still operating as two distinct entities. The next step will be CADE's (Administrative Council for Economic Defense) approval.