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Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.

Yes ______ No ___X___

 

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GOL Rated #1 Airline in 2004

São Paulo, Brazil, June 17, 2005 – GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4), Brazil’s low-cost, low-fare airline, was named Aviation Week & Space Technology’s (AWST) number one airline, in the category of the airlines with revenues under one billion dollars. The survey among the world’s 60 publicly-traded airlines recognized top-performing companies in the Airlines, Aerospace & Defense industries.

The annual competitiveness study, which appears in the June 6, 2005 issue, measures operating efficiency, cash flow, return on investment and a company’s ability to optimize its business strategy in response to changing market conditions. The AWST study uses the CSFB Holt valuation model, which essentially reflects how well a company is managing its sales, operating margins and asset turns.

Companies are also evaluated on three equally-weighted categories, operating performance, strategy/growth, and financial health; performance in each category was rated on a scale of 1-5. GOL scored a 5 in both operating performance and financial health, and a 4.75 in strategy/growth; overall, the airline scored 4.92.

For full results please visit www.AviationNow.com/awst.

About GOL Linhas Aéreas Inteligentes

GOL Linhas Aéreas Inteligentes, a “low-cost, low-fare” airline, is one of the most profitable and fastest growing airlines in the industry worldwide. GOL operates a simplified fleet with a singleclass of service. It also has one of the youngest and most modern fleets in the industry that results in low maintenance, fuel and training costs, and therefore high aircraft utilization and efficiency ratios. In addition, safe and reliable services, which stimulate GOL’s brand recognition and customer satisfaction, allow GOL to have the best cost-benefit service in the market. GOL currently offers over 350 daily flights to 42 major business and travel destinations in Brazil and Argentina, with substantial expansion opportunities. In 2005, GOL plans to grow by increasing frequencies in existing markets and adding service to additional markets in both Brazil and other high-traffic South American travel destinations. GOL listed its shares on the NYSE and the Bovespa in June 2004.

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For additional information please contact:

Media - International:		Media - Brazil:
Gavin Anderson		MVL Comunicação
Gabriela Juncadella		Juliana Cabrini or Roberta Corbioli
Ph: 212-515-1957		Ph: (5511) 3049-0343 / 0341
e-mail: GJuncadella@GavinAnderson.com		e-mail: juliana.cabrini@mvl.com.br
Investor Relations:
Ph: (5511) 5033 4393
e-mail: ri@golnaweb.com.br
www.voegol.com.br (IR section)

This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of GOL. These are merely projections and, as such, are based exclusively on the expectations of GOL’s management concerning the future of the business and its continued access to capital to fund the Company’s business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed in GOL’s filed disclosure documents and are, therefore, subject to change without prior notice.

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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

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