GOL Launches UATP Corporate Card

SAO PAULO, Oct. 21 /PRNewswire-FirstCall/ -- GOL Linhas AereasInteligentes S.A. (NYSE: GOL; Bovespa: GOLL4), the largest low-cost and low-fare airline in Latin America, announced today that the Company has become thefirst airline in Latin America to issue UATP accounts with the launch of itsnew GOL Corporate Card to business customers.

Accepted by more than 250 associated airlines, representing over 95% ofall passenger air travel capacity worldwide, UATP is designed to lower thecost of sale by reducing or eliminating credit card transaction fees toairlines. Travel agencies also benefit through UATP due to lower credit cardmerchant service fees and the ability to automatically reconcile ticketnumbers to service fees via UATP's travel agency merchant program. Forcorporations, the network provides a simple and direct payment method which,unlike other forms of payment, allows them to avoid foreign currencyconversion fees, annual fees and per card fees. All UATP subscribers enjoyrobust transactional data on all air travel purchases.

"UATP is a valuable tool to strengthen GOL's position among corporationsand travel agencies, while reducing our distribution costs," says TarcisioGargioni, GOL's vice-president - Marketing and Services. "This is a new wayof payment in Latin America and GOL is the first airline in the region tobecome a UATP Issuer."

GOL UATP subscribers will benefit from simple enrollment, payment andreconciliation processes combined with state-of-the-art air travel activityreports. The GOL UATP program enhances travel expense management throughdetailed information including passenger name, carrier, destination, and othercomponents of the travel itinerary. GOL will use UATP's new hosted billingsystem and corporate portal, UATP Processing Solutions, which allows forcorporations to assign individual UATP account numbers to specific costcenters.

According to Ralph Kaiser, president and CEO, UATP: "Adding one of theleading low-cost, low-fare carriers like GOL to UATP's list of Issuingairlines demonstrates how popular this payment model is, not only in theBrazilian market, but worldwide. Corporate travelers in South America who usethe GOL Corporate Card will experience a new level of convenience and servicewherever they travel, which will enhance GOL's already stellar reputation."

"By becoming an Issuer in the UATP network, GOL adds a new option forcorporate travel payment capable of servicing the needs of corporations toinclude those who prefer to book through direct channels. With the Company'slargest route network in South America, our new UATP Corporate Card programwill enable us to strengthen our relationship with our corporate customers,"added Mr. Gargioni.

About GOL Linhas Aereas Inteligentes S.A.

GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4), thelargest low-cost and low-fare airline in Latin America, offers around 800daily flights to 49 destinations that connect all the important cities inBrazil and ten major destinations in South America and Caribbean. The Companyoperates a young, modern fleet of Boeing 737 Next Generation aircraft, thesafest and most comfortable of its class, with high aircraft utilization andefficiency levels. Fully committed to seeking innovative solutions through theuse of cutting-edge technology, the Company -- via its GOL, VARIG, GOLLOG,SMILES and VOE FACIL brands -- offers its clients easy payment facilities, awide range of complementary services and the best cost-benefit ratio in themarket.

This release contains forward-looking statements relating to the prospectsof the business, estimates for operating and financial results, and thoserelated to growth prospects of GOL. These are merely projections and, as such,are based exclusively on the expectations of GOL's management concerning thefuture of the business and its continued access to capital to fund theCompany's business plan. Such forward-looking statements depend,substantially, on changes in market conditions, government regulations,competitive pressures, the performance of the Brazilian economy and theindustry, among other factors and risks disclosed in GOL's filed disclosuredocuments and are, therefore, subject to change without prior notice.

CONTACT: Investor Relations Leonardo Pereira - CFO and IRO Rodrigo Alves - Head of IR Phone: (55 11) 2128-4700 E-mail: ri@golnaweb.com.br Website: www.voegol.com.br/ir Twitter : www.twitter.com/GOLInvest Corporate Communications Phone: (55 11) 2128-4413 E-mail: comcorp@golnaweb.com.br Twitter : www.twitter.com/GOLcomunicacao Media Relations Edelman (U.S. and Europe): M. Smith and N. Dean Phone: 1 (212) 704-8196 / 704-4484 Emails: meaghan.smith@edelman.com or noelle.dean@edelman.com

SOURCE GOL Linhas Aereas Inteligentes S.A.