Shearman & Sterling represented Gol Linhas Aéreas Inteligentes S.A. in the US$346 million global offering of preferred shares and ADSs by Gol and ASAS Investment Fund, the company’s controlling shareholder. Gol is the largest low-cost and low-fare airline in Latin America.

The Company intends to use the net proceeds from the global offering and the concurrent subscription of common shares by ASAS Investment Fund primarily for general corporate purposes and to strengthen its cash position and balance sheet.