On April 13th, the airline Gol concluded a new exclusive three-year codeshare agreement with American Airlines. In this sense, it is estimated that the North American company will invest around 200 million dollars in the Brazilian company and will receive a seat on the board of directors.
Before this contract agreement, the companies already had a commercial cooperation dynamic in the codeshare format, in which Brazilian customers could travel to more than 30 destinations In the USA.
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In view of this, the new agreement provides for the issuance of 22.2 million new preferred shares by Gol, equivalent to 5.3% of the total capital of the Brazilian company. However, the one appointed by the American company will have space on the board within the time stipulated in the contract.
This discussion arose, however, due to the return of international flights and the flexibility in the face of the Covid-19 pandemic. In addition, Gol intends to resume flights to the US in May.
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