American Invests In Brazil's GOL, Elite Perks Coming
American Airlines has had to completely reimagine its Latin America strategy in the past couple of years. American used to have a close partnership with LATAM, but all of that changed when it was announced that Delta would buy a stake in LATAM, and the airline would leave oneworld.
We’ve seen American launch a new partnership with GOL, and we’ve seen American invest in JetSMART and form a partnership with the airline. American has just announced the latest part of its Latin America strategy.
American buying 5.2% stake in GOL
American Airlines will invest $200 million in GOL, in the form of purchasing 22.2 million newly issued preferred shares of the airline. With this, American will have a 5.2% stake in GOL. This remains subject to regulatory approval.
Furthermore, we …
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