August 1, 2008

GOL Seeks Approval to Merge GTA, VRG

GOL Linhas Aereas Inteligentes has submitted a request to Brazil's National Civil Aviation Agency for authorization for a corporate restructuring of its subsidiaries, GOL Transportes Aereos and VRG Linhas Aereas, combining them into a single airline company.

The proposed reorganization, which aims to improve GOL's operational structure, will provide more efficient air transportation services through the integration of GOL Transportes Aereos (GTA) and VRG's operations as the company explores synergies and broadens its service offerings.

The effective completion of the reorganization is dependent upon the National Civil Aviation Agency's (Anac) approval, under the terms of Article 186 of the Brazilian Aeronautics Code and other preceding conditions.