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São Paulo, April 22, 2014 – GOL Linhas Aéreas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: B, Fitch: B-, Moody’s: B3), the largest low-cost and low-fare airline in Latin America, in association with the Ceará state government, hereby announces the launch of direct flights between Pinto Martins Airport, in Fortaleza, and Ezeiza International Airport, in Buenos Aires, beginning on May 10. GOL has 77 flights per week between Argentina and Brazil more than any other airline.
The connection was brought about by the Ceará State Tourism Department through the Draft Bill 155/2013 for the ICMS tax (state VAT) on jet fuel, after the approval by the state legislature. It reduced ICMS tax (state VAT) on jet fuel from 30% to 12%, applicable for all domestic flights for Companies that has also regular direct international flights departing from this airport. Thus, the state of Ceará stands out even more as a tourist destination for the region.
In order to offer passengers increased comfort and shorter flight times and energize international tourism between the Argentinian capital and Brazil’s Northeast, the new flights will take place on Saturdays. Flight times and frequencies are shown in the table below:
Origin |
Departure* |
Arrival* |
Destination |
Buenos Aires/Ezeiza |
13h45 |
19h09 |
Fortaleza/Pinto Martins |
Fortaleza/Pinto Martins |
17h55 |
23h30 |
Buenos Aires/Ezeiza |
Local times
ABOUT GOL LINHAS AÉREAS INTELIGENTES S.A.
GOL Linhas Aéreas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, offers around 910 daily flights to 65 destinations in 10 countries in South America, Caribbean and the United States under the GOL and VARIG brands, using a young, modern fleet of Boeing 737-700 and 737-800 Next Generation aircraft, the safest, most efficient and most economical of their type. The SMILES loyalty program allows members to accumulate miles and redeem tickets to more than 560 locations around the world via flights with foreign partner airlines. The Company also operates Gollog, a logistics service which retrieves and delivers cargo and packages to and from more than 3,500 cities in Brazil and six abroad. With its portfolio of innovative products and services, GOL Linhas Aéreas Inteligentes offers the best cost-benefit ratio in the market.
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GOL Linhas Aéreas Inteligentes S.A |
GOL LINHAS AÉREAS INTELIGENTES S.A. | ||
By: |
/S/ Edmar Prado Lopes Neto | |
Name: Edmar Prado Lopes Neto
Title: Investor Relations Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.