São Paulo, December 14, 2017 - GOL Linhas Aéreas Inteligentes S.A. ("GOL" or the "Company"), (NYSE: GOL and B3: GOLL4), Brazil's #1 airline, announced today that, following the successful completion of its US$500 million offering of 7.00% Senior Notes due 2025 (the "2025 Notes"), Gol Finance (formerly known as "Gol LuxCo S.A.") ("Gol Finance"):

has commenced a partial cash tender offer (the "Tender Offer") for up to US$50 million in aggregate principal amount of its 9.250% Senior Notes due 2020 (the "2020 Notes") (144A CUSIP / ISIN Nos. 38045U AD2/US38045UAD28 and Reg S G3980P AD7/USG3980PAD71); and

intends to give formal notice to the holders of its 9.50% Senior Secured Amortizing Notes due 2018 (the "2018 Notes"), 9.50% Senior Secured Notes due 2021 (the "2021 Notes") and 9.50% Senior Secured Notes due 2028 (the "2028 Notes" and, together with the 2018 Notes and the 2021 Notes, the "Notes") on or around December 21, 2017 that it plans to redeem (the "Redemption") all of its outstanding 2018, 2021 and 2028 Notes, in each case on or around January 23, 2018 (the "Redemption Date"), in accordance with their respective terms and conditions.