GOL announces a codeshare agreement with Copa Airlines

São Paulo, January 12, 2015 – GOL Linhas Aéreas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: B, Fitch: B-, Moody`s: B3), the largest low-cost and best-fare airline in Latin America, hereby announces to its shareholders and the market in general the signature of codeshare agreement with COPA Airlines. This partnership is still awaiting approval of Agência Nacional de Aviação Civil (ANAC) and Conselho Administrativo de Defesa Econômica (CADE).

“For GOL, this partnership with Copa Airlines complements our business in international markets and creates more benefits to our customers. Clients traveling for tourism or business will have more options and convenience to fly”, said Ciro Camargo, Head of Alliances at GOL.

The scope of the partnership will include codeshare cooperation on all flights between Copa´s Hub of the Americas in Panama City to and from Brazil, as well as select flights beyond Panama and select flights beyond Copa’s gateways in Brazil to more than 54 domestic cities and flights operated domestically by GOL in Brazil.

The companies also entered into an agreement related to the Frequent Flyer Program (“FFP”), which will allow the members of Gol’s Smiles the possibility to accumulate and redeem miles in all eligible flights operated by COPA.