S&P Assigns Preliminary B- Rating to Proposed Senior Unsecured Notes Offering

São Paulo, November 27, 2017 - GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), Brazil's #1 airline, announced today that Standard & Poor's--one of three major corporate credit rating agencies--assigned a preliminary rating B- (from CCC+) to the proposed senior unsecured notes offering. The long-term global scale corporate credit rating and Brazil national scale long term corporate rating and the issue ratings on Gol's existing senior unsecured notes due 2020, 2022, and 2023 were placed on CreditWatch with positive implications and are expected to be upgraded by one notch when the proposed senior unsecured notes offering is completed. "After the upgrade from Fitch on November 13th, we are pleased to have another recognition of Gol's strengthening credit profile by S&P. We will continue to execute our business plan to drive additional improvement of our credit metrics and profitability." said Richard Lark, Executive Vice President and Chief Financial Officer.