GOL Simplifies its Organizational Structure Seeking Synergies and Increased Efficiency

Sep 13, 2011, 20:43 ET from GOL Linhas Aereas Inteligentes S.A.

SAO PAULO, September 13, 2011 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL or the "Company"), (S&P/Fitch: BB-/BB-,Moody's: B1), the largest low-cost and low-fare airline in Latin America, hereby announces an organizational  restructuring, reducing its number of Vice-Presidencies from three to four and the number of areas from twenty-five to twenty-one. The new structure is in line with the strategy of streamlining the decision-making process and increasing synergies between the areas in an integrated and cooperative environment in line with the Company's low-cost business model.

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