Gol Transportes Aéreos is a low-cost airline based in São Paulo, Brazil. The airline started operations in 2001. It is a subsidiary of Brazilian conglomerate Grupo Aurea, which has other transport interests including Brazil's largest long-distance bus company. Grupo Aurea in turn is owned by the Constantino family. As of 2004, Gol had carried 11,600,000 passengers, and constituted 20% of the Brazilian air travel market. On 24 June 2004 Gol wentn public its is now owned principaly by AeroPar Participacoes.