GOL Increases Boeing NG 737-800 Order to 101

PR Newswire ^ | July 25, 2005

[Righty_McRight]

SAO PAULO, Brazil, July 25 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL - News; Bovespa: GOLL4), Brazil's low-cost, low-fare airline, announced that it has increased the size of its total order for Boeing 737-800 Next-Generation aircraft to 101 from 63 in support of its continued expansion. The revised order doubles firm orders for Boeing 737-800s to 60 and increases purchase options to 41, totaling 101 aircraft, scheduled for delivery between 2006 and 2012. The options, which lend greater flexibility to the Company's already adaptable expansion plans, are exercisable between 2007 and 2012. GOL currently operates 35 Boeing 737 aircraft, 10 of which are 737-800 Next-Generations.

"While the Next-Generation aircraft is already among the fastest and most technologically advanced products, the new 737s will also be fitted with winglets, which will further improve fuel efficiency by over four percent," said Constantino de Oliveira Junior, GOL's Chief Executive Officer. "Our fleet plan supports profitable growth by keeping costs low so that we can expand our route network and offer the most competitive fares to more customers."

In addition to lower operating costs, winglets offer other benefits, including increased range, improved takeoff performance and obstacle clearance, as well as reduced noise on takeoff. By improving overall performance of the aircraft, this feature will provide GOL with added flexibility in both its route selection and fleet operations.

"As one of the industry's leading low-cost carriers, GOL has seen incredible growth over the past few years," said Boeing Commercial Airplanes President and Chief Executive Officer Alan Mulally. "We value our partnership with GOL and we are extremely proud of the role our Next-Generation 737 -- the most modern, efficient and reliable airplane in its class -- will have in the airline's plans for future expansion."

GOL plans to offer international flights to Santa Cruz de la Sierra, Bolivia; Montevideo, Uruguay; and Asuncion, Paraguay in 2005. The Company will use the new 737 Next-Generations to facilitate further route expansion in Brazil and South America.

GOL's current plans for fleet expansion are as follows:

Aircraft 2005 2006 2007 2008 2009 2010
737-300 8 6 3 - - -

737-700 22 22 22 22 22 22

737-800 10 21 32 42 56 64

Total 40 49 57 64 78 86

Owned - 6 19 28 38 46

Leased 40 43 38 36 40 40

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Source: GOL Linhas Aereas Inteligentes S.A.

[Jet Jaguar]

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