DALLAS – American Airlines (AA) has announced an investment agreement with the Rio de Janeiro-based Gol Linhas Aéreas Inteligentes (G3). Beyond the investment, the agreement also includes a common loyalty offering for frequent flyers.
As part of the capital injection announced last year, AA will invest US$200m in shares of the Brazilian LCC as part of its capital increase. The American airline will now own 5.2% of the G3’s economic interest.
The two airlines have also decided to deepen their relationships, creating the “broadest and most rewarding” network in the Americas. The combined network includes at least 30 destinations in the US read more ⇒
Source:: “Airways Magazine”