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GOL and AeroMexico Sign Code-Share Agreement

Written by thomas · Filed Under Commercial 

October 8, 2009

thomas

SAO PAULO, Oct. 7 /PRNewswire-FirstCall/ — GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL, Bovespa: GOLL4), the largest low-cost and low-fare airline in Latin America, and AeroMexico announce that the companies have signed a code- share agreement. The companies are also evaluating the possibility of linking their frequent flyer programs, GOL’s SMILES and Aeromexico’s Club Premier.

Under the code-share agreement, AeroMexico will add its IATA code to GOL flights from Sao Paulo to six Brazilian destinations: Rio de Janeiro (RJ – Galeao and Santos Dumont airports), Belo Horizonte (MG), Porto Alegre (RS), Curitiba (PR), Brasilia (DF) and Salvador (BA). The Mexican company will benefit its clients with more flight connection options throughout Brazil, while representing an additional sales channel, increasing passenger traffic and load factor for the Brazilian carrier.

Headquartered in Mexico DF, Aeromexico is the only company that offers daily flights between Sao Paulo (Aeroporto Internacional de Guarulhos) and Mexico DF, operating Boeing 777 aircraft. AeroMexico Group, with its regional subsidiaries, operates 600 daily flights and carried more than 10 million passengers in 2008.

In compliance with standard regulation requirements, GOL will submit the contract to Agencia Nacional de Aviacao Civil (ANAC), the Brazilian aviation authority, and to Conselho Administrativo de Defesa Economica (CADE), the antitrust counsel, for their evaluation before implementing the agreement.

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