GOL and Delta Air Lines strengthen strategic alliance

Jul 10, 2015, 17:34 ET from GOL Linhas Aéreas Inteligentes S.A.

SAO PAULO, July 10, 2015 /PRNewswire/ -- GOL Linhas Aereas Inteligentes, the largest low-cost and best-fare airline in Latin America, has agreed to enter into several strategic transactions with the Constantino Family, GOL's controlling shareholder, and Delta Air Lines to strengthen the airlines' strategic alliance and enhance GOL's financial position and liquidity.

As part of the agreement, GOL's controlling shareholder will invest up to US$90 million in newly issued preferred shares of GOL and Delta will invest up to US$56 million in newly issued preferred shares of GOL. Delta also will guarantee a term loan to be entered into by GOL with third party lenders of up to US$300 million.  In connection with these transactions, GOL and Delta will extend their commercial cooperation arrangements.

The consummation of each of the strategic transactions is subject to the execution and delivery of definitive documentation and customary closing conditions, including receipt of required regulatory approvals.  

More details of the transactions can be found on http://www.voegol.com.br/pt-br/investidores/

About GOL Linhas Aereas Inteligentes S.A.

GOL Linhas Aereas Inteligentes S.A. (BMF&BOVESPA: GOLL4 and NYSE: GOL), the largest low-cost and best-fare airline in Latin America, offers around 900 daily flights to 73 destinations, 17 international, in South America, the Caribbean and the United States, 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. The SMILES loyalty program allows members to accumulate miles and redeem tickets to more than 700 locations around the world via flights with foreign partner airlines. The Company also operates Gollog, a logistics service which retrieves and delivers cargo and packages to and from more than 3,500 cities in Brazil and eight abroad. With its portfolio of innovative products and services, GOL Linhas Aéreas Inteligentes offers the best cost-benefit ratio in the market.

About Delta Air Lines

Delta Air Lines is working to be the best U.S. airline in Latin America and the Caribbean. Its achievements have been recognized with two top distinctions by Latin Trade's Best of Travel Annual Awards 2014, leading the categories of "Most Improvement Overall" and "Best Partnerships and Alliances," and being the only U.S. airline in this year's rankings. Delta continues to grow in Latin America through its long-term exclusive alliances with GOL Linhas Aereas Inteligentes, Aeromexico and Aerolineas Argentinas, and is committed to building a solid regional footprint thus enhancing its global network and offering a better overall experience for its customers. Delta provides service to 32 countries and 52 destinations in the region offering over 1,500 weekly flights between Latin America/Caribbean and the U.S. Delta customers can receive real-time, on-the-go travel assistance in Spanish and Portuguese through Twitter channels @DeltaAssist_ES and @DeltaAjuda from 9 a.m. to 7 p.m. EST. Brazilian customers can also access Delta´s dedicated Brazil Facebook page, visiting http://www.facebook.com/DeltaAirLinesBrasil.

Media contacts:

GOL Linhas Aereas Inteligentes - gol@inpresspni.com.br

In Press Porter Novelli

Tais Barros tais.barros@inpresspni.com.br Tel: +55 (11) 3330 3835

Amanda Ventura amanda.ventura@inpresspni.com.br Tel: +55 (11) 3330 3842

Thais Antonelli thais.antonelli@inpresspni.com.br

SOURCE GOL Linhas Aéreas Inteligentes S.A.



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