© Reuters. FILE PHOTO: A Boeing 737-800 airplane of Gol Linhas Aereas lands at Congonhas airport in Sao Paulo, Brazil November 5, 2018. REUTERS/Paulo Whitaker/File Photograph
SAO PAULO (Reuters) – Brazilian airline Gol introduced an unique codeshare settlement with American Airways (NASDAQ:) legitimate for 3 years, including it would obtain a $200 million fairness funding as a part of the deal, in keeping with a securities submitting on Wednesday.
Gol mentioned the brand new settlement builds on a earlier codeshare association between the 2 firms, and can enhance choices for Gol travellers on South and North American routes.
American Airways’ funding in Gol is predicted to occur through sale of twenty-two.2 million lately issued most well-liked shares by the Brazilian airline, taking the U.S. agency’s stake in Gol to five.2%.
“We consider it would additional strengthen Gol’s presence on worldwide markets, speed up our long-term progress and maximize worth for our shareholders”, Gol Chief Govt Officer Paulo Kakinoff mentioned.
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