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airlines American Airlines and GOAL further strengthen their commercial alliance by creating the best network of destinations for America.
Among other novelties, American also promised to buy the 5.2% of shares to inject fresh capital into one of the main airlines in the large market of Brazil.
Continuing with its plan to increase its presence in the region, after losing his partner LATAM Airlines (the latter joined Delta Air Lines, the most representative airline of the USA announced the extension of the agreements already in force with GOAL.
the new deal
American Airlines announced that it has signed a letter of intent to further consolidate its partnership with GOL, the largest airline in Brazil. Based on the initial codeshare offer of the two airlines of 2020, expanded partnership includes exclusive codeshare agreement, una asociación conjunta más grande y lucrativa del programa de lealtad SMILES y AAdvantage®. He also hopes to increase business cooperation with GOL to accelerate growth and create a smoother experience for all customers..
shared code
GOL will become American's only codeshare partner in Brazil and American will become GOL's only codeshare partner in the USA. In their combined networks, customers can travel to more than 30 destinations served by American North America and more than 20 destinations in About America with GOAL.
American has served Latin America since 1942 and offers service to 17 destinations in South America, including Sao Paulo (TOWER CRANE) and Rio de Janeiro (GIG) in Brazil, desde sus centros de Estados Unidos en Dallas-Fort Worth (DFW), Miami (MY). and new york (JFK). American has transported more than 14 million customers between both countries in the last 10 years, more than double that of any other US airline. GOL serves 63 destinations in Brazil and is the largest airline in the country.
business cooperation
The most important part of the new agreement includes American investing US$ 200 million in 22,2 million newly issued preferred shares of GOL in a capital increase, for a share of 5,2% in the economic interest of the Company.
The strengthened relationship will also allow for further business cooperation in areas such as purchasing, sales tools and systems integration, as permitted by regulatory and contractual constraints. American will have the right to appoint a member of the GOL board of directors, whom, plus other features, will be granted membership and participation in the GOL Alliance Committee and any other committees of the board related to the operating association between GOAL and American.
The termination of the agreements described herein, including proposed capital investment, is subject to conditions, including negotiation, execution and delivery of final documentation, regulatory approvals and other customary closing conditions.
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Is there any intention for GOL to restart its flights to Ecuador??
Not for now, maybe he 2022.