VRG to Restructure International Route Network

GOL Linhas Aereas Inteligentes, the parent company of Brazilian airlines GOL Transportes Aereos and VRG Linhas Aereas, has announced that VRG is restructuring its international routes to focus on routes where it maintains competitive advantages and increase its presence in the domestic and South American markets.

Recognizing that aircraft with low operating costs are essential in the current environment, VRG remains committed to its fleet renewal plan. By the end of 2008, the fleet will be comprised of 29 Boeing 737 next generation aircraft.

The company’s focus is to expand its route network in Brazil and South America by maintaining a lean cost structure and increasing revenues. To this end, VRG will suspend flights to several international destinations over the next two months. Flights to Mexico City will be suspended on May 11, 2008, flights to Madrid on May 12, 2008, and operations to Paris will cease on June 9, 2008.

Constantino de Oliveira Junior, president of GOL Linhas Aereas Inteligentes, said: “These measures and operational changes will improve the performance of the company, which is fundamental for the evolution of the business. Our team remains committed to offering the best air transportation service in the market.”