GOL Expands Cooperation With American Airlines, Includes $200 Million Investment
2021年9月15日 - 9:36PM
Dow Jones News
By Michael Dabaie
Brazilian airline GOL Linhas Aereas Inteligentes SA said it has
agreed to expand its commercial cooperation with American Airlines
Group Inc. through an exclusive codeshare agreement for the next
three years.
As part of the agreement, GOL will receive an equity investment
of $200 million from American, GOL said.
GOL American depositary receipts were up 6% to $7.78 in
premarket trade.
The agreement expands beyond the terms of the existing codeshare
partnership between GOL and American, in place since February 2020,
GOL said.
GOL's Smiles and American's AAdvantage loyalty programs will be
partners with enhanced benefits starting in early 2022, GOL said.
This will include access for loyalty members to priority check-in,
priority security, priority boarding, a larger checked baggage
allowance, lounge access and preferred seats on both airlines.
Customers may earn and redeem frequent flyer miles on both
airlines, GOL said.
The partnership between GOL and American also enables customers
to purchase connecting flights on both airlines using one
reservation, in addition to seamless ticketing, check-in, boarding
and baggage check throughout an entire trip, GOL said.
American will invest $200 million in 22.2 million newly issued
preferred shares of GOL, for a 5.2% participation in the company's
economic interest at $9.00 per preferred share, GOL said.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
September 15, 2021 08:21 ET (12:21 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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