American Airways in the present day enhanced its partnership with GOL, making a $200 million funding settlement with Brazil’s largest airline.
American receives 22.2 million newly issued most well-liked shares of GOL inventory in a capital enhance, growing its stake within the firm to five.2 p.c, American stated in a press launch.
The deal is pending authorities and regulatory approval.
The mixed networks will now present prospects with greater than 30 locations within the U.S. served by American, and greater than 34 new locations in South America served by GOL.
American has served Latin America since 1942 and gives service to 17 locations in South America, together with Sao Paulo and Rio de Janeiro in Brazil from its U.S. hubs in Dallas-Fort Price, Miami and New York-JFK.
American boasted that it has flown 14 million prospects from the U.S. to Brazil simply within the final 10 years alone, greater than twice as many passengers as another U.S. provider.
GOL serves 63 locations in Brazil.
As well as, prospects of each airways’ loyalty applications can share advantages. The 2 airways additionally count on to supply an enhanced joint loyalty providing to provide prospects extra methods to earn and redeem miles.
Supply: Journey Plus
