GOL Repays Term Loan B

São Paulo, September 1, 2020 - GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company"), (NYSE: GOL and B3: GOLL4), announces today that, on August 31, 2020, the Company fulfilled its repayment obligations under the Term Loan B ("Term Loan") contracted in August 2015 in the amount of US$300 million, plus accrued interest.

The average maturity of the Company's long-term debt after the Term Loan amortization, excluding aircraft leases and perpetual notes, is approximately four years.

"Going forward, we have no significant debt maturities until 2024," stated Richard Lark, CFO. "This is a reflection of the Company's commitment to strengthening its balance sheet over the last four years."

The Company closed August with approximately R$5.7 billion of total liquidity including deposits and unencumbered assets, with approximately R$2.1 billion of liquidity in cash and receivables after the amortization of the Term Loan.

Further information on capacity, cost management and liquidity will be available in the Company's next Investor Update.