GOL Signs Letter of Intent for the Construction of Maintenance Center.

SAO PAULO, Brazil -- GOL Linhas Aereas Inteligentes S.A. (NYSE:GOL) (Bovespa:GOLL4), Brazil's low-fare, low-cost airline, today signed, in conjunction with the Minas Gerais State government and with the support of Infraero (Brazilian Airport Infrastructure Company), a letter of intent to build a Maintenance Center at the Tancredo Neves International Airport, located in the city of Confins (Minas Gerais State). The project's development will be based on state-of-the-art technology, including the application of the most modern aircraft repair techniques.

"The construction of a new maintenance center will accommodate GOL's recent fleet expansion, reduce costs and centralize the Company's aircraft maintenance operations," said Constantino Junior, GOL's President. Currently, GOL's fleet is composed of 27 aircraft. In May 2004, GOL signed an agreement with Boeing, announcing the acquisition of up to 43 737-800 Next Generation aircraft, of which 21 aircraft are already firm orders for aircraft that will be delivered between 2006 and 2009, and 22 of which are purchase options.

The construction of GOL's Maintenance Center will generate 250 jobs, attract new businesses to the region and increase the traffic to the airport. In addition, Tancredo Neves International Airport is one of the best airports in Brazil, with a superior runway, modern navigation instruments, and is primely located in a region with favorable weather conditions. The opening ceremony was held today at Palacio da Liberdade in the city of Belo Horizonte (Minas Gerais State), and was attended by Minas Gerais State's Governor, Aecio Neves; Minas Gerais State's Economic Development Secretary, Wilson Nelio Brumer; International Affairs Subsecretary, Luiz Antonio Athayde; President of Minas Gerais State's Development Bank, Romeu Scarioli; President of Infraero, Carlos Wilson; Vice President of Boeing, John Wojick; and GOL's President, Constantino de Oliveira Junior.

About GOL Linhas Aereas Inteligentes

GOL Linhas Aereas Inteligentes, a "low-cost, low-fare" airline, is one of the most profitable and fastest growing airlines in the industry worldwide. In 2005, GOL plans to grow by increasing frequencies in existing markets and adding service to additional markets in both Brazil and other high-traffic South American travel destinations.