View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
February 8, 2022

American Airlines invests $200m in Brazilian carrier GOL

American Airlines and GOL signed a letter of intent in September last year.

American Airlines has reached a definitive investment agreement with Brazil-based airline GOL, picking a stake in the latter as a result.

This alliance will focus on establishing the ‘broadest and most rewarding network’ in North and South America.

The joint networks will offer access to passengers with over 30 terminuses in the US and more than 34 new destinations in South America.

Last September, American Airlines and GOL signed a letter of intent for strengthening their partnership.

Under this agreement, American will make an investment of $200m in 22.2 million newly issued preferred shares of GOL for a 5.2% interest.

The closing of the equity investment, along with the implementation of the other agreements, awaits regulatory approval.

This year, GOL’s SMILES and American’s AAdvantage loyalty members will be able to receive status benefits on both carriers, including priority check-in, priority security, priority boarding, a larger checked luggage allowance, lounge access and preferred seats.

Customers are also expected to get a better joint loyalty offering from both companies.

American serves 17 destinations in South America while GOL provides services to 63 destinations in Brazil.

Last month, American Airlines and Aer Lingus signed a codeshare pact with an aim to improve connectivity between the US and Europe for passengers.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The airport industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU