American Airways has confirmed plans to additional solidify its partnership with Gol, the most important 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 industrial cooperation with Gol to speed up progress and create a extra seamless expertise for all prospects.
American will make investments US$200 million in 22.2 million newly issued most well-liked 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,” stated Robert Isom, president of American Airways.
“Our long-haul community marries seamlessly with Gol’s robust home community in Brazil.
“Collectively, we will supply prospects flying to, by way of and from Brazil, entry to the most important community with the bottom fares and the Americas’ largest and finest joint journey loyalty program.”
Gol will change into American’s sole codeshare associate in Brazil and American will change into Gol’s sole codeshare associate in america.
On their mixed networks, prospects 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 prospects a seamless journey expertise with the most important variety of flights and locations in North and South America,” stated Gol chief govt, Paulo Kakinoff.
“We imagine that this may bolster Gol’s presence in worldwide markets, speed up our long-term progress, and maximize worth for our shareholders.”
The strengthened relationship can even enable for additional industrial cooperation in areas corresponding to buying, gross sales instruments and programs integrations, as allowed by regulatory and contractual limitations.
American may have the appropriate to nominate one member to the Gol board of administrators.
