American Airways and GOL Full Settlement to Sort Distinctive Partnership

(09 Feb 2022)
American Airways has signed a definitive
funding settlement with GOL, Brazil’s largest airline.

The combined networks will current prospects with
higher than 30 areas inside the U.S. served by American and further
than 34 new areas in South America served by GOL.

American has served Latin America since 1942 and
offers service to 17 areas in South America, along with Sao
Paulo (GRU) and Rio de Janeiro (GIG) in Brazil, from its U.S. hubs
in Dallas-Fort Worth (DFW), Miami (MIA) and New York (JFK). The
airline has flown higher than 14 million prospects between the U.S.
and Brazil inside the last 10 years.

 

American Airways Boeing 777 reg: N735AT. Picture by Steven Howard of TravelNewsAsia.com

 

GOL serves 63 areas in Brazil.

As part of the funding settlement beforehand
launched last yr, American will make investments $200 million in 22.2
million newly issued preferred shares of GOL in a capital
improve, for a 5.2% participation inside the agency’s monetary
curiosity.

GOL’s SMILES and American’s AAdvantage
loyalty members are anticipated to this yr purchase entry to their standing
benefits on every airways, similar to priority check-in, priority
security, priority boarding, an even bigger checked baggage allowance,
lounge entry and preferred seats. The two airways moreover depend on to
present an enhanced joint loyalty offering to supply prospects further
strategies to earn and redeem miles.

The deal is
subject to positive circumstances, along with authorities and regulatory
approvals and totally different customary closing circumstances.


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