VRG Restructures International Route Network

SAO PAULO, Brazil, April 10 /PRNewswire-FirstCall/ -- GOL Linhas Aereas
Inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4), the parent company of
Brazilian airlines GOL Transportes Aereos S.A. and VRG Linhas Aereas S.A.,
announces VRG is restructuring its international routes, focusing on better
adapting to market conditions, increasing its presence in the domestic and
South American markets and concentrating efforts on routes where it maintains
competitive advantages.
Operating costs in the highly competitive international market have
increased substantially with persistent increases in oil prices, which
recently hit a record high of US$112 per barrel. The cost of fuel has been
impacted by the prices of WTI and Gulf Coast Jet, which increased on average
68 and 61 percent, respectively, in 1Q08 compared to 1Q07. Fuel currently
represents nearly 40 percent of VRG's operating costs.
The Company's focus is to expand its route network in Brazil and South
America by maintaining a lean cost structure and increasing revenues. An
important step in this plan was taken in March, with the introduction VRG's
new domestic flight network. After several changes to the international route
network to focus on South American destinations, VRG will continue to offer
daily flights to Bogota, Buenos Aires, Caracas and Santiago.
To this end, VRG will suspend flights to several international
destinations over the next two months. Flights to Mexico City will be
suspended on May 11, flights to Madrid on May 12 and operations to Paris will
cease on June 9. This strategic decision was a responsible and calculated
response based on careful analysis of external factors and competitive
attributes of the services offered by VRG that are affecting consolidation of
the Company's performance in these markets.
VRG is committed to providing assistance to those customers who have
already purchased one-way or return tickets to suspended destinations after
the dates announced and will maintain open, transparent communications to
address any customer concerns. Alternative flight information will be
available on the Company's website, www.varig.com.br. VRG has also created a
toll-free number for customers with questions: 0800-728-7787. The service will
be available 24 hours a day, seven days a week. Customers who prefer a refund
should work directly with their travel agent, while customers who purchased
tickets directly from VRG can request a refund by e-mail:
reembolso.central@varig.com.
SOURCE GOL Linhas Aereas Inteligentes S.A.

Investors, (5511) 3169-6800, ri@golnaweb.com.br; Media, G. Juncadella,
+1-212-704-4448, gabriela.juncadella@edelman.com, or M. Smith,
+1-202-704-8196, meaghan.smith@edelman.com, both of Edelman for GOL Linhas
Aereas Inteligentes S.A.