World Airline News

Gol completes the acquisition of Webjet Linhas Aereas

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GOL Linhas Aéreas Inteligentes S.A. (Sao Paulo), the parent of Gol Transportes Aereos and VRG Linhas Aereas (VARIG 2nd), issued the following statement:

“Gol, largest Latin America low-cost and low-fare air carrier, hereby informs to the market that, in addition to the relevant facts dated July 8, 2011 and August 2, 2011 and to the notice to the market dated September 21, 2011, the acquisition of 100% of the capital stock of Webjet Linhas Aéreas S.A. (Rio de Janeiro) was concluded at this date, as a result of which Gol Linhas Aéreas Inteligentes S.A., by means of its controlled company, VRG Linhas Aéreas S.A., became the owner of the total capital stock of Webjet Linhas Aéreas S.A., according to the terms of the Stock Purchase Agreement dated August 1, 2011.
The acquisition price for 100% of the capital stock of Webjet Linhas Aéreas S.A. was R$ 70,000,000.00, which is still subject to minor adjustments, to be determined within the next 70 days.”

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