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American Airlines proposes to acquire a minority stake in JetSMART, which will allow the airline to grow rapidly with its network of low cost on South America. Photo LinkedIn JetSMART
Definitely, This is American's response to the alliance between LATAM Airlines y Delta Air Lines, where the North American is looking for a new partner in South America that will allow it to maintain an important presence in key destinations in the region.
American y JetSMART begin what is expected to be a long commercial and strategic alliance, which will even imply the acquisition of a shareholding in the Chilean company.
Both have signed a letter of intent to create the widest network and offer in the Americas. This proposed partnership would uniquely unite American's full-service global presence with ultra-low-cost carrier JetSMART's complementary network in South America to offer competitive fares and great travel options for travelers in North America and from the South.
JetSMART, which operates from Chile and Argentina, is an Indigo Partners airline, one of the world's leading developers of new generation ultra-low-cost airlines. JetSMART operates a modern fleet of Airbus A320neo aircraft and offers short-haul domestic and international services to 33 destinations in South America.
By your side, American has served Latin America since 1942 and offers service to 17 destinations in South America from USA with flights from hubs in Dallas-Fort Worth, miami and new york. Through the shared code of the two airlines, customers could seamlessly travel throughout the Americas.
According to the proposed transaction, American would invest in JetSMART to facilitate this growth and give American a minority stake in the South American airline.. What's more, American and Indigo Partners would jointly commit to provide additional capital to finance potential future opportunities in the region.
A) Yes, American can strengthen and grow its South American network through this partnership to attract more travelers in more markets. This proposed association, along with others that American works on, it would also give customers access to lower fares and travel options on a network that is twice the size of other alliances.
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