GOL Announces Hiring of New Independent Auditors

Date : 06/17/2009 @ 10:50PM
Source : PR Newswire
Stock : (GOL)
Quote : 11.8  0.4 (3.51%) @ 8:00PM
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GOL Announces Hiring of New Independent Auditors

The Company's financial statements will be audited by Deloitte as of the second quarter of 2009

SAO PAULO, June 17 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), Latin America's largest low-cost airline ("Company"), announces that today's Board of Directors Meeting resolved that, as of June 2009, Deloitte Touche Tohmatsu Auditores Independentes ("Deloitte") will replace Ernst & Young Auditores Independentes ("E&Y") as the Company's independent auditors.

The Company believes that the change of its independent auditors helps to continuously strengthen its internal controls and the preparation of its financial statements, and is in the best interest of the Company and its shareholders.

There has been no disagreement with E&Y concerning the Company's accounting principles and practices, financial statements, disclosure or auditing scope.

About GOL Linhas Aereas Inteligentes S.A.

GOL Linhas Aereas Inteligentes S.A. (NYSE:GOLNYSE:andNYSE:Bovespa:NYSE:GOLL4), Brazil's low-cost airline, offers around 800 daily flights to 49 destinations that connect all the important cities in Brazil and nine major destinations in South America. 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. The Company's service is recognized as the best value proposition 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.

DATASOURCE: GOL Linhas Aereas Inteligentes S.A.

CONTACT: Investor Relations: Leonardo Pereira - CFO and IRO, or Rodrigo

Alves - IR Manager, +55-11-2128-4700, , Corporate

Communication of GOL Linhas Aereas Inteligentes S.A., +55-11-2128-4413, or

; Media Relations: Carolina Stefanini,

+55-11-3061-9596, , Erica Arruda,

+55-11-2128-4420, , both of FSB Comunicacoes (Brazil),

for GOL Linhas Aereas Inteligentes S.A.; M. Smith, +1-212-704-8196,

, N. Dean, +1-212-704-4484, ,

both of Edelman (EUA and Europe), for GOL Linhas Aereas Inteligentes S.A.

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