Travel Daily

AA buys 5% stake


AMERICAN Airlines is buying a stake in Brazilian low-cost airline Gol Linhas Aereas Inteligent­es.

The two carriers will strengthen their collaborat­ion, after American took a 5.2% stake in Gol for US$200 million.

The airlines already have an existing codeshare agreement in place which will now become exclusive, meaning AA and Gol loyalty members can earn points on their frequent flyer programs.

The US airline’s President Robert Isom said AA’s long-haul network marries seamlessly with Gol’s strong and growing domestic network in Brazil.

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