Gol Linhas Aéreas Inteligentes S.A., through its subsidiaries, operates as a low-cost and low-fare airline in Latin America. It offers approximately 940 daily flights to 63 destinations connecting various cities in Brazil, as well as 13 primary international markets in South America and the Caribbean under the GOL and VARIG brands. The company also offers scheduled passenger air chartering services in Brazil; and cargo and mailbags transportation services. It provides the Smiles loyalty program, which allows members to accumulate miles and redeem tickets to approximately 560 locations around the world via flights with foreign partner airlines; Gollog, a logistics service that retrieves and delivers cargo and packages to and from approximately 1800 cities in Brazil and 8 abroad; and Voe Fácil program, which allows customers to purchase airline tickets at prices and with monthly payment options. As of December 31, 2011, the company’s total leased fleet consisted of 144 aircraft, of which 99 were under operating leases and 45 were under finance leases. It has a strategic partnership with Delta Airlines, Inc. The company was founded n 2001 and is based in Sao Paulo, Brazil.