American Invests In Brazil's GOL, Elite Perks Coming

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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