July 25, 2014 12:48 PM ET


Company Overview of VRG Linhas Aéreas S.A.

Company Overview

VRG Linhas Aéreas S.A. owns and operates airlines under the VARIG brand. The company was incorporated in 2005 and is based in Rio de Janeiro, Brazil. VRG Linhas Aéreas S.A. operates as a subsidiary of GOL Linhas Aéreas Inteligentes S.A.

Avenida Vinte de Janeiro, s/n, Terminal de Passageiros n.1

Aeroporto Internacional do Rio de Janeiro, Galeão

2º andar, nível 15

55, entre os eixos 10-12/E-G, sala 2011-A, Embarqu

Rio de Janeiro, RJ 21941-570


Founded in 2005


55 11 3169 6161


55 11 3169 6186

Key Executives for VRG Linhas Aéreas S.A.

VRG Linhas Aéreas S.A. does not have any Key Executives recorded.

VRG Linhas Aéreas S.A. Key Developments

VRG Linhas Aereas S.A. Presents at World Low Cost Airlines Congress 2013, Sep-18-2013 09:30 AM

VRG Linhas Aereas S.A. Presents at World Low Cost Airlines Congress 2013, Sep-18-2013 09:30 AM. Venue: Sofitel Heathrow, London, United Kingdom. Speakers: Edmar Lopes, CFO, Gol Airlines.

Ex-Im Bank Approves $45.5 Million for VRG Linhas Aereas S.A

The Export-Import Bank of the United States (Ex-Im Bank) approved a final commitment for a $45.5 million loan guarantee to VRG Linhas Aereas S.A. The Ex-Im Bank supported financing will support the export of engine maintenance services by Delta TechOps (Delta). This transaction will support approximately 400 jobs. GOL engines will be shipped from Sao Paulo, Brazil to Atlanta for heavy maintenance to be performed by Delta Air Lines' maintenance, repair, and overhaul unit. Last April, Ex-Im Bank also approved an $84.8 million loan guarantee to GOL to support the export of maintenance services by Delta. More than 50% of GOL's engine maintenance is currently provided by Delta. Ex-Im Bank approved a second final commitment for GOL to support the export of a Boeing 737-800 aircraft with CFM56 engines. It is estimated that this transaction will support approximately 200 jobs at Boeing and its suppliers throughout the United States.

VRG Linhas Aereas S.A. Prices an Offering of USD 200 Million 10.75% Senior Notes Due 2023

GOL Linhas Aéreas Inteligentes S.A. announced that on February 7, 2013, it has priced an offering of USD 200 million 10.75% senior notes due 2023, in a transaction exempt from registration under the Unites States Securities Act of 1933, as amended (Securities Act). The company is the guarantor of the notes issued by its subsidiary, VRG Linhas Aereas S.A. The notes constitute senior unsecured obligations and may be redeemed after five years. The company intends to use the proceeds from the offering to pay debt maturing in the next three years and to reinforce working capital.

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