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GOL Announces Launch of Gollog EXPRESS
New line of services meets growing demand for express delivery services
São Paulo, April 9, 2009 GOL Linhas Aéreas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), Brazils low-cost airline, announces the launch of Gollog EXPRESS, a new line of products from Gollog, its air freight business unit. The services were developed to meet the growing demand for express shipping options, featuring door-to-door deliveries and scheduled delivery times.
With the launch of Gollog EXPRESS, Brazils major cities will now have access to the following express delivery offerings:
Gollog EXPRESS will add considerable value to GOLs freight transport business as the express delivery segment is experiencing strong growth in demand and profitability, said Tarcísio Gargioni, GOLs vice-president of marketing and services. The new product line is part of GOLs strategic plan to diversify revenue and is based on maximizing the profitability of its low-cost platform by offering highly competitive products tailored to each client profile.
About Gollog
Gollog is the air freight business unit of GOL. In 2008, it registered 65,000 metric tons of cargo transported, up 15% from 56,500 metric tons the previous year. GOLs ancillary revenue sources, which are primarily represented by the operations of Gollog, surged by 37.9% to R$516.1 million in 2008, from R$374.3 million in 2007. Gollogs performance is the product of its low-cost and low-fare business model, its services customized to each client profile and its use of the largest air network in South America.
Gollog is supported by an exceptional logistics structure based on two own units in São Paulo state located at the Congonhas and Cumbica airports, as well as more than 60 franchise units across Brazil. It also has rail transport modes for deliveries and pick-ups that provide added mobilility and scope to GOLs air network.
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CONTACT: | About GOL Linhas Aéreas Inteligentes S.A. | |
Investor Relations | GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4), Brazils low-cost airline, offers nearly 800 daily flights to 49 destinations connecting the most important cities in Brazil and ten major destinations in South America. The Company operates a young, modern fleet of Boeing 737 Next Generation aircraft, the safest and most comfortable aircraft of its class that provides high aircraft utilization and efficiency ratios. The Companys service is recognized as the best value proposition in the market. |
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Ph.: +55 (11) 2128-4946 | ||
E-mail: ri@golnaweb.com.br | ||
Webite: www.voegol.com.br/ir | ||
Corporate Communication | ||
Ph.: +55 (11) 2128-4413 | ||
comcorp@golnaweb.com.br | ||
Media Brazil | ||
FSB Comunicações | ||
Érica Arruda | ||
Ph.: +55 (11) 2128-4420 | This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of GOL. These are merely projections and, as such, are based exclusively on the expectations of GOLs management concerning the future of the business and its continued access to capital to fund the Companys business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed in GOLs filed disc
losure documents and are, therefore subject to change without prior notice. |
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erica.arruda@fsb.com.br | ||
Media U.S. and Europe | ||
Edelman | ||
Meaghan Smith and Noelle Dean | ||
Ph.: +1 (212) 704-8196 / 704-4484 | ||
meaghan.smith@edelman.com or | ||
noelle.dean@edelman.com | ||
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GOL LINHAS AÉREAS INTELIGENTES S.A. |
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By: |
/S/ Leonardo Porciúncula Gomes Pereira |
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Name: Leonardo Porciúncula Gomes Pereira
Title: Executive Vice-President and Chief Financial 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.