Government of India inks agreement that expands partnership with American Airlines. economy

Government of India inks agreement that expands partnership with American Airlines.  economy

Gol concluded a new exclusive three-year codeshare agreement with American Airlines this Wednesday (13). The North American company will invest US$200 million in the Brazilian company and will be entitled to a seat on the board of directors.

Prior to the agreement, Gol and American Airlines had a commercial collaboration in the form of a codeshare from February 2020 in which customers of the Brazilian company could fly to more than 30 destinations in the United States.

Round Airline aircraft – Photo: Sergio Moraes / Reuters

The conclusion of the new agreement, announced last year, provides for the issuance of 22.2 million new preferred shares by the Indian government, equivalent to 5.3% of the Brazilian airline’s capital. A person appointed by American Airlines on the Board of the Government of India will be guaranteed a position during the validity of the exclusivity period in the Codeshare Agreement.

The discussion comes to an end when it comes to reforms in the travel sector in the country, given the relaxation of social isolation measures to contain COVID-19 affecting the national and global tourism sector.

Flights to the United States will resume in May, after resuming international operations in late 2021. According to the company’s president, Paulo Kakinoff, the return plan for flights to the US includes a route from Brasilia to Orlando, which is often four. times a week. In July, when the high season begins, the frequency will be daily.

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About the author: Sarah Gracie

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