GOL Announces Flights to Buenos Aires’

Aeroparque Jorge Newbery

São Paulo, November 24^th, 2010 – GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and BM&FBOVESPA: GOLL4),  (S&P/Fitch: BB-/BB-, Moody`s: Ba3),  the largest low-cost and low-fare airline in Latin America, will begin flying to Aeroparque Jorge Newbery, located in Buenos Aires, Argentina. Beginning December 4, GOL will offer three regular flights from São Paulo International Airport /Guarulhos, one of them with origin in Tancredo Neves International Airport, in Confins (Minas Gerais). Tickets are already available for purchase through GOL’s sales channels, including www.voegol.com.br.

This new regular service will offer customers flying to Buenos Aires more options and greater comfort, as the airport is just ten minutes from the Downtown area and the route will be served by  Boeing 737-800 Next Generation aircraft with capacity for 184 passengers. “We believe that the flights will be most popular among business travelers who need to travel to Buenos Aires but don’t always have time to devote to the hour-long trip from Ezeiza,” GOL’s Vice President of Markets.

To add service to the new airport, GOL has relocated some operations from Ezeiza to Aeropoarque. Beginning December 4, GOL will offer eight direct flights between Ezeiza and Brazil. “We’ve organized our network considering passenger demand and the company’s operational needs. We’ll offer three flights – morning, afternoon and evening – to Aeroparque. The flight schedule allows the bussiness passengers to go and return at the same day,” says Leonardo Pereira, GOL’s Vice President of Finance, Strategy and IT.

Additional details are included in the table below:

* All times shown represent local time

Serving Argentina since 2005, GOL offers more flights from Argentina to Brazil than any airline (78 flights per week). In addition to regular operations to Buenos Aires, Córdoba and Rosário, the company also offers 11 daily direct flights from the Argentinean capital to São Paulo, Porto Alegre, Florianopolis, Rio de Janeiro, in Brazil, Santiago (Chile) and Assunção (Paraguay).

About GOL Linhas Aéreas Inteligentes S.A.

GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and BM&FBOVESPA: GOLL4), (S&P/Fitch: BB-/BB-, Moody`s: Ba3), the largest low-cost and low-fare airline in Latin America, offers more than 900 daily flights to 53 destinations that connect all the important cities in Brazil and 14 major destinations in South America and Caribbean. The Company operates a young, modern fleet of Boeing 737 Next Generation aircraft, the safest and most comfortable of its class, with high aircraft utilization and efficiency levels. Fully committed to seeking innovative solutions through the use of cutting-edge technology, the Company - via its GOL, VARIG, GOLLOG, SMILES and VoeFácil brands - offers its clients easy payment facilities, a wide range of complementary services and the best cost-benefit ratio in the market.

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 GOL’s management concerning the future of the business and its continued access to capital to fund the Company’s 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 GOL’s filed disclosure documents and are, therefore, subject to change without prior notice.