GOL receives Waiver and Announces Non-Recurring Effect related to Webjet
SAO PAULO, Feb. 4, 2013 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: B, Fitch: B+, Moody's: B3), the largest low-cost and low-fare airline in Latin America, hereby informs its shareholders and the market in general that on February 1, 2013, the Annual Debenture Holders' Meeting deliberated on the waiver of debenture holders in relation to non-compliance with restrictive contractual clauses, particularly financial indices and limits, in relation to the 4th and 5th issue of debentures issued by VRG Linhas Aereas S.A. ("VRG"), a subsidiary of the Company.
In addition to the material fact of November 23, 2012, which dealt with the initial winding up of its subsidiary Webjet, the Company announces that there was a non-recurring impact of approximately R$140 million of costs and provisions on 4Q12 results. The estimated impacted, resulted from the winding up procedures, mainly refer to personnel costs and provisions for the return and maintenance of Webjet's Boeing 737-300 aircraft. These measures should make the Company more efficient in terms of fuel consumption and passenger comfort.
Edmar Lopes - CFO
Andre Brandi - Planning and IR Manager
Gustavo Mendes - Investor Relations
Jenifer Nicolini - Investor Relations
Phone: (11) 2128-4700
Phone: (11) 2128-4183
ABOUT GOL LINHAS AEREAS INTELIGENTES S.A.
GOL Linhas Aereas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, offers around 900 daily flights to 65 destinations in 10 countries in South America, Caribbean and the United States under the GOL and VARIG brands, using a young, modern fleet of Boeing 737-700 and 737-800 Next Generation aircraft, the safest, most efficient and most economical of their type.
SOURCE GOL Linhas Aereas Inteligentes S.A.