APRIL 8TH, 2025

GOL Concludes Negotiations with The Boeing Company

São Paulo, April 07, 2025 – GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4) (“Company” or “GOL”), one of the main airlines in Brazil, pursuant to Article 157, paragraph 4, of Brazilian Law No. 6,404, dated December 15, 1976, and Resolution No. 44 of the Brazilian Securities and Exchange Commission, dated August 23, 2021, and in connection with the Chapter 11 proceedings initiated by the Company and its subsidiaries under the U.S. Bankruptcy Code before the U.S. Bankruptcy Court for the Southern District of New York (the “Court” and the “Chapter 11 Proceedings,” respectively), hereby informs its shareholders and the market in general that, following extensive negotiations on commercial transaction, the Court has today approved the execution by the Company and its subsidiaries of a series of agreements with The Boeing Company (the “Agreements”), which provide significant benefits to the Company. As of today, the Company has orders for 91 Boeing 737 MAX aircraft.
The conclusion of the negotiations with Boeing represents another milestone in GOL’s overall restructuring objectives. Together with the previously disclosed Tax Settlement and in line with the restructuring plan outlined in the Chapter 11 Proceedings (the “Plan”), the Agreements and Tax Settlement will enable an increase to a minimum of US$235 million (any further increase is dependent upon negotiations with other creditors) in capital distribution to general unsecured creditors. For more information regarding the Plan, please refer to the material fact disclosed by the Company on December 9, 2024.
Finally, GOL reiterates that, under the terms of the Plan, it will significantly reduce its indebtedness by converting into equity or extinguishing up to approximately US$1.7 billion of its pre-Chapter 11 funded debt and up to approximately US$850 million of other obligations. As such, considering that the conversion will be carried out based on the economic value of GOL’s shares prior to the conversion, in accordance with applicable law, a substantial dilution of GOL’s currently outstanding shares is expected (subject to shareholders’ preemptive rights as provided under Brazilian law).