GOL and TAP Enter Into a Codeshare Agreement

Brazil - Português

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Apr 11, 2014, 08:50 ET

SAO PAULO, April 11, 2014 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 andNYSE: GOL), (S&P: B, Fitch: B-, Moody's: B3), the largest low-cost and low-fare airline in Latin America announces that it has signed a contract to implement a codeshare and frequent flyer program agreement with TAP. The agreement will be submitted for the authorization of Portugal and Brazil's governments, and is still pending the approval of Brazil's National Civil Aviation Agency (ANAC) and Antitrust Authority (CADE).

Initially, the agreement will allow TAP, a Portuguese company with more than 74 weekly flights from Portugal to Sao Paulo, Rio de Janeiro, Campinas, Belo Horizonte, Brasilia, Porto Alegre, Salvador, Natal, Fortaleza and Recife, to include its codes on GOL's flights, enabling connections to other Brazilian destinations.

The companies will also offer members of GOL's, SMILES, and TAP's, Victoria, loyalty programs, the possibility to accumulate and redeem miles on all eligible flights operated by the two companies.

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ABOUT GOL LINHAS AEREAS INTELIGENTES S.A.

GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 andNYSE: GOL), the largest low-cost and low-fare airline in Latin America, offers around 910 daily flights to 65 destinations in 10 countries in South America, the 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. The SMILES loyalty program allows members to accumulate miles and redeem tickets to more than 560 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 six abroad. With its portfolio of innovative products and services, GOL Linhas Aereas Inteligentes offers the best cost-benefit ratio in the market.

SOURCE GOL Linhas Aéreas Inteligentes S.A.