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American takes stake in Gol as codeshare expands | News – News Website

American takes stake in Gol as codeshare expands | News

American Airways has confirmed plans to additional solidify its partnership with Gol, the biggest airline in Brazil.

Constructing on the 2 carriers’ preliminary codeshare providing, signed final 12 months, the expanded partnership features a bigger and extra profitable loyalty program partnership.

It additionally expects to extend business cooperation with Gol to speed up progress and create a extra seamless expertise for all clients.

American will make investments US$200 million in 22.2 million newly issued most popular shares of Gol, in return for a 5.2 per cent stake within the firm.

“American has lengthy been the main United States provider to South America and our stronger partnership with Gol solidifies that management place,” mentioned Robert Isom, president of American Airways.

“Our long-haul community marries seamlessly with Gol’s robust home community in Brazil.

“Collectively, we can supply clients flying to, via and from Brazil, entry to the biggest community with the bottom fares and the Americas’ greatest and greatest joint journey loyalty program.”

Gol will change into American’s sole codeshare accomplice in Brazil and American will change into Gol’s sole codeshare accomplice in america.

On their mixed networks, clients can journey to greater than 30 locations served by American in america and greater than 20 new locations in South America served by Gol.

“This codeshare settlement between two of the main airways within the Americas combines our extremely complementary route networks to supply clients a seamless journey expertise with the biggest variety of flights and locations in North and South America,” mentioned Gol chief government, Paulo Kakinoff.

“We consider that this can bolster Gol’s presence in worldwide markets, speed up our long-term progress, and maximize worth for our shareholders.”

The strengthened relationship may also permit for additional business cooperation in areas akin to buying, gross sales instruments and methods integrations, as allowed by regulatory and contractual limitations.

American can have the precise to nominate one member to the Gol board of administrators.

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