SAO PAULO, March 28, 2016 /PRNewswire/ – GOL Linhas Aereas Inteligentes S.A. “GOL” or “Company” (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: B-, Fitch: CCC and Moody’s: Caa1), the largest low-cost and best-fare airline in Latin America hereby announces that it has engaged PJT Partners to advise the company in connection with measures to strengthen its capital structure and liquidity and to improve the profile of its debt. Additionally, PJT is advising the Company in connection with its U.S. dollar unsecured bonds.

The engagement of PJT is part of the Company’s business plan and is consistent with previously disclosed measures aimed at optimizing the Company’s route network, pushing back its aircraft delivery schedule and resizing its capacity, in order to adjust its flight offerings to current levels of demand and to current conditions in the sector.