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VRG Launches Flights to Madrid, Spain

VRG Launches Flights to Madrid, Spain ( GOL Linhas Aereas Inteligentes S.A. (NYSE:GOL) (NYSE:and) (NYSE:Bovespa:) (NYSE:GOLL4) , the parent company of Brazilian airlines GOL Transportes Aereos S.A. ("GTA", Brazil's low-cost, low- fare airline) and VRG Linhas Aereas S.A. ("VRG", Brazil's premium service airline), announces that today VRG began daily operations to its tenth international route: Sao Paulo-Madrid.

“The Madrid route is an important step in our international expansion plan, and will provide VRG's customers with an additional hub for service throughout Europe," says Lincoln Amano, VRG's Commercial Director. The Company currently flies to Bogota, Colombia; Buenos Aires, Argentina; Caracas, Venezuela; Santiago, Chile; Frankfurt, Germany; London, England; Mexico City, Mexico; Paris, France; and Rome, Italy.

VRG's decision to launch daily flights to Spain is based on the continued expansion in commercial and tourism relations between the two countries. In 2006, Spain imported 6.94% more goods and services from Brazil than the previous year, totaling approximately US$ 2.3 billion. Brazil imported approximately US$ 1.4 billion in goods and services from Spain in 2006, up 7.39% from 2005.

About GOL Linhas Aereas Inteligentes S.A.

GOL Linhas Aereas Inteligentes S.A. is the parent company of Brazilian airlines GOL Transportes Aereos S.A. ("GTA", a low-cost, low-fare airline which operates the GOL brand) and VRG Linhas Aereas S.A. ("VRG", a premium service airline which operates the VARIG brand). GTA and VRG offer daily flights to more destinations in Brazil than any other domestic airline while providing customers with the most convenient flight schedules in the country. The airlines operate a young, modern fleet of Boeing aircraft, the safest and most comfortable aircraft of its class, with low maintenance, fuel and training costs, and high aircraft utilization and efficiency ratios. In addition to safe and reliable services, which stimulate brand recognition and customer satisfaction, the Company's service is recognized as the best value proposition in the market. Growth plans include increasing frequencies in existing markets and adding service to additional markets in both Brazil and other high-traffic travel destinations. Shares are listed on the NYSE (GOL) and the Bovespa (GOLL4) stock exchanges.

CONTACT: Investor Relations Ph: (5511) 3169 6800 E-mail: Site:

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