Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes ______ No ___X___
Notice to the Market
GOL AND WEBJET EXECUTE AN AGREEMENT FOR PRESERVATION OF THE REVERSIBILITY OF THE TRANSACTION WITH THE BRAZILIAN ANTITRUST AUTHORITY
São Paulo, October 27, 2011 - GOL Linhas Aéreas Inteligentes S.A. (BM&FBovespa: GOLL4 and NYSE: GOL) (S&P/Fitch: BB-/BB-, Moody’s: B1), the largest low-fare, low-cost airline in Latin America, hereby informs that, the Brazilian Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica- “CADE”) and the companies VRG Linhas Aéreas S.A., a company controlled by the Company, and Webjet Linhas Aéreas S.A. executed an Agreement of Preservation of the Reversibility of the Transaction (“APRO”), referring to the acquisition of 100% (one hundred percent) of the capital stock of Webjet by VRG, as informed in the Relevant Fact disclosed on August 2, 2011.
The mentioned Agreement resulted from a negotiation between the Companies and CADE, and its purpose is to ensure the reversibility of the transaction and the preservation of the assets until a final decision is rendered by CADE, through the measures aiming to preserve market conditions during the assessment of the competitive effects of the transaction.
The Agreement ensures management autonomy in both companies, including with regard to GOL’s “Smiles” program. Without implying any reduction in Webjet’s capacity, the Agreement envisages a code sharing arrangement between the companies in order to optimize the route network and increase the options available to customers.
An independent audit firm will be contracted to monitor compliance with the terms agreed to by the parties. The Agreement represents another phase in the Webjet acquisition process.
The companies will remain committed to executing their strategies with the objective of creating value for their employees, shareholders and customers.
Contact
|
|
Investor Relations Leonardo Pereira –CFO Edmar Lopes – Finance and IR Officer Ricardo Rocca – Investor Relations
Phone.: (55 11) 2128-4700 E-mail: ri@golnaweb.com.br Website:www.voegol.com.br/ir Twitter: www.twitter.com/GOLinvest
Corporate Communications Twitter: www.twitter.com/GOLcomunicacao
Media Relations Edelman (USA and Europe): Meaghan Smith and Robby Corrado Phone.: +1 (212) 704-8196 / 704-4590 E-mail: meaghan.smith@edelman.com or robert.corrado@edelman.com
|
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: B1), the largest low-cost and low-fare airline in Latin America, offers more than 940 daily flights to 63 destinations that connect all the important cities in Brazil and 13 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. |
GOL LINHAS AÉREAS INTELIGENTES S.A. | ||
By: |
/S/ Leonardo Porciúncula Gomes Pereira | |
Name: Leonardo Porciúncula Gomes Pereira
Title: Executive Vice-President and Chief Financial Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.