Wed, 9 February 2022 |
American Airlines and GOL Complete Agreement to
Form Exclusive Partnership
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(09 Feb 2022)
American Airlines has signed a definitive
investment agreement with GOL, Brazils largest airline.
The combined networks will provide customers with
more than 30 destinations in the U.S. served by American and more
than 34 new destinations in South America served by GOL.
American has served Latin America since 1942 and
offers service to 17 destinations in South America, including 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 more than 14 million customers between the U.S.
and Brazil in the last 10 years.
American Airlines Boeing 777 reg: N735AT. Picture by Steven Howard of TravelNewsAsia.com
GOL serves 63 destinations in Brazil.
As part of the investment agreement previously
announced last year, American will invest $200 million in 22.2
million newly issued preferred shares of GOL in a capital
increase, for a 5.2% participation in the companys economic
interest.
GOLs SMILES and Americans AAdvantage
loyalty members are expected to this year gain access to their status
benefits on both airlines, such as priority check-in, priority
security, priority boarding, a larger checked baggage allowance,
lounge access and preferred seats. The two airlines also expect to
offer an enhanced joint loyalty offering to give customers more
ways to earn and redeem miles.
The deal is
subject to certain conditions, including government and regulatory
approvals and other customary closing conditions.
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