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GOL announces approval of MAP acquisition by the CADE

GOL | January 03, 2022

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GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), ("GOL" or "Company"), in addition to the Material Fact disclosed on June 8, 2021 regarding the acquisition of MAP Transportes Aéreos Ltda. by the Company ("Transaction"), informs that, on December 30, 2021, the

General Superintendency of the Administrative Council for Economic Defense ("CADE") issued the Order SG No. 1929/2021 ("Order") approving the Transaction without restrictions.

In accordance with applicable law, the approval decision will become final within 15 calendar days from its publication, with no third-party appeal or summons by the CADE Court. The Order and other documents of public nature about the analysis carried out by CADE may be accessed at the autarchy's electronic address.

About GOL Linhas Aéreas Inteligentes S.A.
GOL is Brazil's largest airline, leader in the corporate and leisure segments. Since its founding in 2001, it has been the airline with the lowest unit cost in Latin America, which has enabled the democratization of air transportation. The Company has alliances with American Airlines and Air France-KLM, in addition to making available to Customers many codeshare and interline agreements, bringing more convenience and ease of connections to any place served by these partnerships. With the purpose of "Being First for Everyone", GOL offers the best travel experience to its passengers, including: the largest inventory of seats and the most legroom; the most complete platform with internet, movies and live TV; and the best loyalty program, SMILES. In cargo transportation, GOLLOG delivers parcels to various regions in Brazil and abroad. The Company has a team of 15,000 highly qualified airline professionals focused on Safety, GOL's number one value, and operates a standardized fleet of 127 Boeing 737 aircraft. GOL's shares are traded on the NYSE (GOL) and the B3 (GOLL4).

Spotlight

Until the 21st century, all disruptive innovations followed the same adoption curve. But with exponential technologies and digital connectedness, disruptive innovations now have steeper adoption bell-curves as implementation rates accelerate.


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AEROSPACE

AIR Partners with FlyOnE To Accelerate Personal eVTOL Aviation Adoption In Australia

AIR | March 11, 2022

Today AIR, creator of eVTOLs for the consumer market, announced its partnership with Australia's FlyOnE, a pioneer of goods and services in the emerging green transport market and a leading supplier of electric aircraft. The partnership also marks the launch of the AIR Brand Ambassador (ABA) program, enabling strategic partners around the world the opportunity to share the freedom of personal flight with their communities. FlyOnE will serve as AIR's local service and maintenance partner and will facilitate the delivery of 25 of the first AIR ONE vehicles to customers in 2025. As the first official AIR Brand Ambassador, FlyOnE will play a significant role in laying the groundwork enabling AIR's vision, the mass adoption of personal air vehicles, to come to life in Australia, where Advanced Air Mobility (AAM) regulation is already in motion. In contrast with the Urban Air Mobility industry developing air taxis for commercial use, AIR's inaugural vehicle, AIR ONE, allows individual consumers to embrace the freedom of flight in their daily travels. The vehicle is a sporty, all-electric two-seater eVTOL offering a range of 110 miles (177 km) on a single charge at speeds up to 155 miles per hour (250 km). The AIR ONE allows owners to take off and land on any flat surface. "We are thrilled to expand our reach to Australia, a trailblazing market with very high growth potential, with the help of such a forward-thinking partner as FlyOnE," said Rani Plaut, CEO and Co-founder of AIR. "As we continue to discuss future potential brand ambassadorships around the world, we believe FlyOnE's dedication to electric aviation adoption on all levels will significantly impact public acceptance of personal eVTOLs and help the industry take flight." AIR is partnering with manufacturers, suppliers, distributors, and other relevant players in the aerospace and automotive industries as part of its newly launched AIR Brand Ambassador program to fuel the personal air mobility revolution around the world. AIR believes the innovation and determination of the AAM industry coupled with the foresight of early adopters is a necessary step on the path to public acceptance of eVTOLs. "At FlyOnE, we believe that AIR's vehicle and mission align perfectly with our own, which is why we're excited to facilitate their entry into the Australian market and serve as an AIR Brand Ambassador. We are committed to being at the forefront of the electric aviation industry in Australia, and the personal eVTOL adoption process will play a key role in its growth over the next few years." Korum Ellis, CEO and founder of FlyOnE About AIR AIR is revolutionizing everyday mobility for everyday people, empowering individuals to seize the power of personal flight. Combining aerospace innovation with the maturity of automotive technology and uncompromising safety standards, AIR's first-of-its-kind AIR EVs offers the ground-breaking opportunity to easily "drive the sky." Founded by Chen Rosen and later joined by Netanel Goldberg and Rani Plaut, based in the green fields of Pardes Hanna, near Tel Aviv, AIR is paving the way for a cleaner, more thrilling future of mobility, affording everyone the freedom to fly. About FlyOnE FlyonE is pioneering goods and services in the emerging electric aviation sector. Bringing together industry leaders and innovators in the manufacture, supply and distribution of electric aircraft, FlyOnE is establishing market leading ESG friendly air transport solutions for corporate bodies and recreational users alike.

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AVIATION TECHNOLOGY

Artemis Aerospace discusses aviation in the post-pandemic era and why now is the time for optimism

Artemis Aerospace | February 21, 2022

Jim Scott, owner of components solutions experts Artemis Aerospace, discusses how he sees the aviation industry adapting and emerging from the COVID-19 crisis. The pandemic has changed the aviation industry irrevocably. Unlike any other crisis in the sector's history, COVID-19 not only grounded numerous aircraft, wiped billions from industry revenues and cost 200 million jobs, but it also fundamentally changed consumer behaviour overnight. However, despite these extraordinary setbacks and unparalleled circumstances, as we emerge and recover from the pandemic, one thing has become clear: the aviation industry has a unique opportunity for transformation. The acceleration of some technological advances that were already in the pipeline, such as automation, along with new business models and growing travel demand are sparking the dawn of a new era – one that ultimately has efficiency and environment at its heart. Automation – increasing efficiency in a restricted world While automation has long been a buzzword in the world of aviation, technological advances and investment in automated services for both the commercial and cargo sectors have surged over the last couple of years. Automated innovations have been crucial to maintaining operations throughout the pandemic, instilling passenger confidence and creating safer working environments for employees across the board. There is no doubt that automated innovations will continue to evolve as we navigate the new aviation ecosystem. From touchless check-ins to contactless immigration and supply chain support, automation in a post-pandemic world will generate greater efficiency and help to solve many of the challenges we face going forwards as we work towards getting back to pre-pandemic levels of business. Transforming the business model Traditionally, business travellers have always been the main revenue source for commercial operators with 75% of airline travel profit attributed to passengers travelling for work. However, with business travel unlikely to recover to pre-pandemic levels anytime soon, airlines will have to reinvent and rework their business models to address this. Past crises have demonstrated that business travel takes the longest to recoup. For example, it took four years following 9/11. The added complications brought about by COVID-19, such as the popularity of remote working and online meetings – along with their associated cost savings – has meant it is likely that business travel, while still a necessity in certain situations, will not reach its previous levels ever again. Meanwhile, leisure travel has rebounded more quickly than forecast and, indeed, as long as people have been allowed to fly, the demand has still been there. With this in mind, airlines will need to assess and restructure cabin configurations, landing slots, networks, aircraft sizes and ticket pricing to maximise their potential while business travel remains subdued. However, growth is not limited to passenger traffic and cargo is still estimated to increase – even double – over the coming decade. Ecological advances Despite the lull of the last two years, flights are expected to double in the next 20 years, so, as an industry, we have a responsibility to ensure we are doing everything we can to minimise our environmental impact. Biofuel and electrically powered aircraft are key to reducing the carbon footprint and environmental impact of air travel – and we are closer than ever before to making these a reality for commercial airlines. While there is still some way to go in rolling out biofueled aircraft across the industry, Boeing has already committed to making planes that fly on 100% biofuel by 2030 and even staged the first commercial flight in 2018 using 100% biofuel. Likewise, as far back as 2010, the Swiss company Solar Impulse built an electrically powered aircraft that could run on solar power during a 26-hour trial flight. These advancements have continued, with Harbour Air's thirty-minute flight of its six-passenger DHC-2 de Havilland Beaver and NASA's new all-electric plane that is currently in development. It is possible that, much like motor vehicles, jet planes will eventually become hybrid alternatives with the benefit of reducing environmental impact, cuttings fuel costs and lowering maintenance expenses. Aviation – at the forefront of innovation As an industry, aviation has achieved so much. Not only has it become one of the safest and most reliable modes of transportation in the world, it has also contributed exponentially to social and economic development. The allure of travel and connecting people with places – along with cost-effective and quick methods of transporting cargo – will always be attractive options and undoubtedly this will continue well into the future. The question now is not "Will aviation reach pre-pandemic levels?" but "When will it surpass pre-pandemic levels?"

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AVIATION TECHNOLOGY

Turboprop Aircraft Values Steadily Increasing Amid Tight Inventory Levels, According to Sandhills Global Market Report

Sandhills Equipment Value Index | January 11, 2022

The latest Sandhills Global aviation market report finds that asking values for turboprop aircraft in Sandhills marketplaces increased 4.8% year-over-year from December 2020 to December 2021. Dwindling used turboprop aircraft inventory levels, especially in key age groups and for certain models, remain a primary driver of asking value increases. The new market report follows Sandhills' recent market report identifying noteworthy supply and demand trends within the used piston single aircraft category. Sandhills' aviation products include Controller, Controller EMEA, Executive Controller, Charter Hub, Aviation Trader, Aircraft Cost Calculator, and AircraftEvaluator. AircraftEvaluator is Sandhills' proprietary asset valuation tool for all types of aircraft, built using the same technology behind FleetEvaluator. Widely used and trusted across equipment, truck, and trailer industries, FleetEvaluator identifies asset values with unparalleled accuracy. The key metric used in all of Sandhills' market reports is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions. Chart Takeaways This report includes detailed analysis of asking values and inventory trends in the U.S. used turboprop aircraft market along with charts that help readers visualize the data. Highlights include noteworthy value trends in Beechcraft King Air series. Asking Values The 4.8% YOY asking value increase for used turboprop aircraft in Sandhills marketplaces means that the average turboprop aircraft was valued at $1,412,023 in December 2021 compared to $1,347,814 in December 2020. From November to December 2021, turboprop aircraft asking values increased 3.9%, an average value jump of $53,000. Inventory Levels The current market report shows inventory in the turboprop aircraft category is down 56.6% YOY. The 0- to 10-year age group displayed the steepest inventory drop, down 64.4% YOY. The lowest decline was found in the 25-year-plus age group, which was still down 52.2% YOY. Beechcraft King Air Series Sandhills asking EVI for Beechcraft King Air turboprop aircraft were up 2.8% YOY in December. The King Air 200 series, up nearly 19% YOY, is a key driver of Beechcraft King Air asking values. The Sandhills EVI shows steady value increases in King Air 200 models since March 2021; average asking values are up $330,000 YOY, topping $2,000,000 in December. About Sandhills Global Sandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information in the form of trade publications, websites, and online services that connect buyers and sellers across the aviation, construction, agriculture, and commercial trucking industries. Our integrated, industry-specific approach to hosted technologies and services offers solutions that help businesses large and small operate efficiently and grow securely, cost-effectively, and successfully. Sandhills Global—we are the cloud. About the Sandhills Equipment Value Index The Sandhills Equipment Value Index (EVI) is a principal gauge of the estimated market values of used assets—both currently and over time—across the construction, agricultural, commercial trucking, and aviation industries represented by Sandhills Global marketplaces, including Controller.com, AuctionTime.com, TractorHouse.com, MachineryTrader.com, TruckPaper.com, and other industry-specific equipment platforms. Powered by FleetEvaluator and AircraftEvaluator, Sandhills' proprietary asset valuation tools, Sandhills EVI provides useful insights into the ever-changing supply-and-demand conditions for each industry.

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AEROSPACE

Airbus Selects Belcan as Strategic Supplier for Engineering Services

Belcan | March 07, 2022

Belcan, LLC ("Belcan"), a global supplier of design, software, manufacturing, supply chain, information technology and digital engineering solutions to the aerospace, defense, space, government services, automotive and industrial markets, today announced that it has been selected by Airbus for a multi-year award as an engineering, manufacturing engineering and services strategic supplier (EMES3). Belcan and its partner Sogeclair, with their productive and enduring alliance of 10 years, are recognized once more as valued partners to Airbus to address the future technological, environmental and industrial challenges in the aerospace industry. "We thank Airbus for continuing to recognize Belcan as a valued supplier by bringing our deep and broad aerospace expertise and long legacy of providing high-quality engineering and manufacturing services to the aerospace industry." Lance Kwasniewski, CEO of Belcan The multi-year framework contract, which was awarded after a highly demanding selection process spanning several months, will further strengthen Belcan's long-standing relationship with Airbus, which has continued through numerous agreements since 2002. The EMES3 award allows Belcan to support all divisions, subsidiaries and affiliates of Airbus across engineering, manufacturing engineering and customer services functions. About Belcan Belcan is a global supplier of design, software, manufacturing, supply chain, information technology, and digital engineering solutions to the aerospace, defense, space, government services, automotive, and industrial markets. Belcan engineers better outcomes for customers – from jet engines, airframe, and avionics to heavy vehicles, automobiles, and cybersecurity. Belcan takes a partnering approach to provide solutions that are adaptable, integrated, and value-added, and has been earning the trust of its customers for over 60 years.

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Spotlight

Until the 21st century, all disruptive innovations followed the same adoption curve. But with exponential technologies and digital connectedness, disruptive innovations now have steeper adoption bell-curves as implementation rates accelerate.

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