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GOL Joins International Biofuel Development Group

November 16, 2009

SAO PAULO, Nov. 16 /PRNewswire-FirstCall/ — GOL Linhas Aereas
Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the largest low-cost and
low-fare airline in Latin America, has joined the Sustainable Aviation Fuel
Users Group (SAFUG), which unites airlines and technology providers in a joint
drive to accelerate the development of new, sustainable aviation fuels for
commercial use.

Initially, the group is working on two preliminary sustainability research
projects, one of which involves a comprehensive investigation into Jatropha
curcas as a sustainable fuel source, including its life cycle, CO2 emissions
and the potential social or economic impact on growers in developing
countries. The second project is taking an in-depth look at algae and the
associated fuel production processes, to ensure they are in line with strict
sustainability guidelines. Both Jatropha curcas and algae have the potential
to become viable biomass aviation fuel sources. The group plans additional
studies on other possible fuel sources in the future.

The initiative is a groundbreaking step for GOL. In addition to actively
working to reduce greenhouse gas emissions, the Company is now also investing
in reducing its future fuel costs. “This is a major opportunity for GOL to
join a select group of aviation companies actively involved in controlling
their own future, particularly around fuel and the entire fuel production
process, including origin, sustainability and environmental impact,” says
GOL’s Technical Vice President, Fernando Rockert de Magalhaes.

In joining the group, GOL adopts the premise that any sustainable biofuel
must have an equal or superior performance to that of kerosene, but with
reduced CO2 emissions. Additionally, the group stipulates that new biofuels
can only be produced from renewable sources that minimize the impact on
biodiversity and do not compete with food production or the production of
drinking water. SAFUG also requires that the development of new crops for
biofuel production should bring social and economic benefits to the
communities involved.

Among the affiliates of the SAFUG program and a supporter of the
initiative is Boeing Commercial Airplanes (BCA), which manufactures and
provides equipment for GOL’s standardized fleet of Boeing 737-700 and 800 NGs.
The company will provide technical support for the development of the new
fuels. “Our top priority is to carry out and conduct research into sustainable
fuel sources. This includes research into plants as well as their cultivation,
harvesting and economic impact, all of which can help us achieve our goal,”
affirmed Billy Glover, BCA’s Managing Director for Environmental Strategy.

Other global airline partners supporting sustainable fuels are Air France,
Air New Zealand, ANA (All Nippon Airways), Cargolux, Gulf Air, Japan Airlines,
KLM, SAS and Virgin Atlantic Airways.

About GOL Linhas Aereas Inteligentes S.A

GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4), the
largest low-cost and low-fare airline in Latin America, offers around 800
daily flights to 49 destinations that connect all the important cities in
Brazil and ten major destinations in South America and the Caribbean. The
Company operates a young, modern fleet of Boeing 737 Next Generation aircraft,
the safest and most comfortable of its class, with high aircraft utilization
and efficiency levels. Fully committed to seeking innovative solutions through
the use of cutting-edge technology, the Company — via its GOL, VARIG, GOLLOG,
SMILES and VOE FACIL brands — offers its clients easy payment facilities, a
wide range of complementary services and the best cost-benefit ratio in the
market.

This release contains forward-looking statements relating to the prospects
of the business, estimates for operating and financial results, and those
related to growth prospects of GOL. These are merely projections and, as such,
are based exclusively on the expectations of GOL’s management concerning the
future of the business and its continued access to capital to fund the
Company’s business plan. Such forward-looking statements depend,
substantially, on changes in market conditions, government regulations,
competitive pressures, the performance of the Brazilian economy and the
industry, among other factors and risks disclosed in GOL’s filed disclosure
documents and are, therefore, subject to change without prior notice.

    CONTACT:

    Investor Relations
    Leonardo Pereira - Executive VP
    Rodrigo Alves - Head of IR
    Phone: (55 11) 2128-4700
    E-mail: ri@golnaweb.com.br
    Website: www.voegol.com.br/ir
    Twitter: www.twitter.com/GOLInvest

    Corporate Communications
    Phone: (55 11) 2128-4413
    E-mail: comcorp@golnaweb.com.br
    Twitter: www.twitter.com/GOLcomunicacao

    Media Relations
    Edelman (U.S and Europe):
    M. Smith and N. Dean
    Phone: 1 (212) 704-8196 / 704-4484
    meaghan.smith@edelman.com or
    noelle.dean@edelman.com

SOURCE GOL Linhas Aereas Inteligentes S.A.


Source: newswire



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