Brazil’s GOL said it has closed its partnership deal with American Airlines, allowing both carriers to extend their networks.
Following approval from Brazilian regulators, American has invested $200 million to take a 5.3% holding in GOL. The accord between the airlines was announced in September 2021, pending regulatory approval that has now been granted.
As part of the deal, GOL will become American’s sole codeshare partner in Brazil and American will become GOL’s sole codeshare partner in the US. On their combined networks, the carriers said passengers would be able to travel to more than 30 destinations served by American in the US and over 20 new destinations in Latin America served by GOL.
Brazil’s antitrust regulator CADE approved the agreement without restrictions, saying the two airlines’ operations will be “complementary” and could increase competition in Brazil.
CADE noted that Azul Brazilian Airlines and LATAM Airlines, GOL’s two biggest competitors in Brazil, have strategic partnerships with US airlines. Azul partners with United Airlines, while LATAM is tied to Delta Air Lines. Allowing GOL to partner with American “has the potential to increase competition” on routes between Brazil and the US, CADE said…
