GOL Reduces Costs of Ticket Distribution Channel

SAO PAULO, Brazil, Dec. 7 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes (NYSE: GOL) (Bovespa: GOLL4), Brazil's low-cost, low-fare airline, announced today that beginning January 1, 2007, commissions paid to travel agents on GOL ticket sales will be reduced to 7 percent for domestic flights and 6 percent for international flights.

The decision is part of the GOL's overall cost reduction plan which is expected to reduce operating costs, as measured by CASK, by 7 percent in 2007. The Company also expects annual cost savings of R$95-105 million in travel agency commissions in 2007. "Reducing our costs will allow the Company to offer even lower airfares and continue to popularize air transportation," says GOL's Vice-president of Marketing and Services, Tarcisio Gargioni.

About GOL Linhas Aereas Inteligentes

GOL Linhas Aereas Inteligentes is one of the most profitable and fastest growing low-cost, low-fare airlines in the industry worldwide. GOL provides frequent service on routes connecting all of Brazil's major cities as well as primary destinations in Argentina, Bolivia, Chile, Paraguay and Uruguay through its more than 580 daily flights to 55 major airports. GOL offers daily flights to more destinations in Brazil than any other domestic airline while providing customers with the most convenient flight schedules in the country. GOL's 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, 009-800-551-0007 in Paraguay, 1-888-0042-0090 or 1230-020-9104 in Chile, and 55-11-2125-3200 in other countries.

    CONTACT: GOL Linhas Aereas Inteligentes S.A.
    Ph: (5511) 3169 6800
    E-mail: ri@golnaweb.com.br
    Site: http://www.voegol.com.br/ir

    Corporate Communications
    Ph: (5511) 3169 6449
    E-mail: rcorbioli@golnaweb.com.br

    Media - Brazil & Latin America
    D. Nakayama, MVL Comunicacao
    Ph: (5511) 3049-0333
    E-mail: daniela.nakayama@mvl.com.br

    Media - U.S. & Europe
    G. Juncadella and M. Smith, Edelman
    Ph: +1 (212) 704-4448 / 704-8196
    E-mail: gabriela.juncadella@edelman.com
    meaghan.smith@edelman.com