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American Airlines signs investment agreement with Brazil’s GOL

American Airlines has signed a definitive investment agreement with GOL, (Brazil’s largest airline)

Aiming to further strengthen the partnership between the two carriers.

The agreement is set to create the broadest network in the Americas.

The combined networks will provide customers with over 30 destinations in the U.S. served by American, besides over 34 new destinations in South America served by GOL.

As part of the investment agreement previously announced last year, American Airlines will invest $200 million in 22.2 million newly issued preferred shares of GOL in a capital increase, for a 5.2 percent participation in the company’s economic interest.

The execution of the other agreements and the closing of the equity investment are subject to certain conditions, including government and regulatory approvals, and other customary closing conditions



source;Barrons/American airlines
photo:American airlines