SÃO PAULO, Dec. 20, 2019
/PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (NYSE:
GOL and B3: GOLL4), Brazil's
largest domestic airline, informs its shareholders and
the market in general that the readjustment of transfer prices of
airline tickets and miles under its loyalty program was calculated
as provided in the Miles and Airline Ticket Purchase Agreement
("Agreement"), dated December 28,
2012, among (i) GOL Linhas Aéreas Inteligentes S.A.
("GLAI"), controlling shareholder of Smiles Fidelidade S.A.
("Smiles") and GOL Linhas Aéreas S.A. ("GLA"), (ii) GLA, as
provider and client of, and party controlled by, GLAI, and (iii)
Smiles, as party controlled by GLAI. The readjustment of transfer
prices will be as follows: (i) the price of standard airline
tickets sold by GLA to Smiles will increase by 41% and (ii) the
price of miles sold to GLA by Smiles will increase by 2.7%. Smiles'
Board of Directors unanimously approved these readjustments, which
will come into effect as of January 1,
2020.
GOL Investor Relations
ri@voegol.com.br
www.voegol.com.br/ir
+55(11) 2128-4700
About GOL Linhas Aéreas Inteligentes S.A.: Brazil's largest airline group with three main
businesses: passenger transportation, cargo transportation and
coalition loyalty program.
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SOURCE GOL Linhas Aéreas Inteligentes S.A.