GOL Joins International Biofuel Development Group

SAO PAULO, Nov. 16 /PRNewswire-FirstCall/ -- GOL Linhas AereasInteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the largest low-cost andlow-fare airline in Latin America, has joined the Sustainable Aviation FuelUsers Group (SAFUG), which unites airlines and technology providers in a jointdrive to accelerate the development of new, sustainable aviation fuels forcommercial use.

Initially, the group is working on two preliminary sustainability researchprojects, one of which involves a comprehensive investigation into Jatrophacurcas as a sustainable fuel source, including its life cycle, CO2 emissionsand the potential social or economic impact on growers in developingcountries. The second project is taking an in-depth look at algae and theassociated fuel production processes, to ensure they are in line with strictsustainability guidelines. Both Jatropha curcas and algae have the potentialto become viable biomass aviation fuel sources. The group plans additionalstudies on other possible fuel sources in the future.

The initiative is a groundbreaking step for GOL. In addition to activelyworking to reduce greenhouse gas emissions, the Company is now also investingin reducing its future fuel costs. "This is a major opportunity for GOL tojoin a select group of aviation companies actively involved in controllingtheir own future, particularly around fuel and the entire fuel productionprocess, including origin, sustainability and environmental impact," saysGOL's Technical Vice President, Fernando Rockert de Magalhaes.

In joining the group, GOL adopts the premise that any sustainable biofuelmust have an equal or superior performance to that of kerosene, but withreduced CO2 emissions. Additionally, the group stipulates that new biofuelscan only be produced from renewable sources that minimize the impact onbiodiversity and do not compete with food production or the production ofdrinking water. SAFUG also requires that the development of new crops forbiofuel production should bring social and economic benefits to thecommunities involved.

Among the affiliates of the SAFUG program and a supporter of theinitiative is Boeing Commercial Airplanes (BCA), which manufactures andprovides equipment for GOL's standardized fleet of Boeing 737-700 and 800 NGs.The company will provide technical support for the development of the newfuels. "Our top priority is to carry out and conduct research into sustainablefuel sources. This includes research into plants as well as their cultivation,harvesting and economic impact, all of which can help us achieve our goal,"affirmed Billy Glover, BCA's Managing Director for Environmental Strategy.

Other global airline partners supporting sustainable fuels are Air France,Air New Zealand, ANA (All Nippon Airways), Cargolux, Gulf Air, Japan Airlines,KLM, SAS and Virgin Atlantic Airways.

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 the Caribbean. TheCompany operates a young, modern fleet of Boeing 737 Next Generation aircraft,the safest and most comfortable of its class, with high aircraft utilizationand efficiency levels. Fully committed to seeking innovative solutions throughthe use 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 - Executive VP 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 meaghan.smith@edelman.com or noelle.dean@edelman.com

SOURCE GOL Linhas Aereas Inteligentes S.A.