GOL Rated Best Performing Airline By Aviation Week & Space Technology

SAO PAULO, Brazil, Aug. 1 /PRNewswire-FirstCall/ — GOL Linhas Aereas Inteligentes (NYSE: GOL; Bovespa: GOLL4), Brazil’s low-cost, low-fare airline, was rated the best performing airline in the world in 2005 according to a study published by Aviation Week & Space Technology (AWST).

GOL’s performance was rated the best not only among companies in the same revenue category, between US$ 1 billion and US$ 4 billion, but also among the 70 companies surveyed overall by the North American publication. According to the magazine’s criteria, the Brazilian company scored 87 out of 99 possible points. Aviation Week takes into account a company’s operating performance, financial health and asset utilization — GOL’s aircraft utilization is approximately 14 hours a day.

“We are pleased that our low-cost, low-fare business model has been acknowledged as the best among the world’s carriers and will continue to provide our customers with safe, high quality services,” says Constantino de Oliveira Junior, President and CEO of GOL.

About GOL Linhas Aereas Inteligentes

GOL Linhas Aereas Inteligentes, a “low-cost, low-fare” airline, is one of the most profitable and fastest growing airlines in the industry worldwide. GOL operates a simplified fleet with a single class of service. It also has one of the youngest and most modern fleets in the industry that results in low maintenance, fuel and training costs, with high aircraft utilization and efficiency ratios. GOL currently offers over 500 daily flights to 50 airports in Brazil, Argentina, Bolivia, Paraguay and Uruguay. GOL growth plans include increasing frequencies in existing markets and adding service to additional markets in both Brazil and other high-traffic South American travel destinations. GOL shares are listed on the NYSE and the Bovespa. GOL: here everyone can fly!

For more information, flight times and fares, please access our site at http://www.voegol.com.br/ or call: 0300-789-2121 in Brazil, 0810-266-3131 in Argentina, 800-1001-21 in Bolivia, 0004 055 127 in Uruguay, 009 800 55 1 0007 in Paraguay and 55 11 2125-3200 in other countries.

GOL Linhas Aereas Inteligentes

CONTACT: GOL Linhas Aereas Inteligentes S.A., +5511-3169-6800, orri@golnaweb.com.br, or http://www.voegol.com.br/ir; or media, Brazil & Latin America,MVL Comunicacao; R. Corbioli, +5511-3049-0343/3049-0342, E-mailroberta.corbioli@mvl.com.br; or U.S. & Europe, G. Juncadella, +1-212-704-4448,or gabriela.juncadella@edelman.com, or M. Smith, +1-212-704-8196, ormeaghan.smith@edelman.com, both of Edelman, all for GOL

Web site: http://www.voegol.com.br/