Delta Air Lines to invest $100 million in GOL

Delta Air Lines (DAL) announced that it has inked an agreement with GOL Linhas Aereas Inteligentes (GOL) for a long-term exclusive commercial alliance. As per the agreement terms, Delta stated that it will make an investment of $100 million in exchange for American Depositary Shares representing preferred shares in GOL and will have a seat on the GOL board of directors. According to Delta, the agreement complements its codeshare relationship with Aerolineas Argentinas which will join the SkyTeam alliance in next year, including a long-standing codeshare relationship with its existing SkyTeam partner Aeromexico in which Delta will buy an equity stake.

Source Tendersinfo News

Jan. 9, 2012

Delta Air Lines (DAL) announced that it has inked an agreement with GOL Linhas Aereas Inteligentes (GOL) for a long-term exclusive commercial alliance. As per the agreement terms, Delta stated that it will make an investment of $100 million in exchange for American Depositary Shares representing preferred shares in GOL and will have a seat on the GOL board of directors. According to Delta, the agreement complements its codeshare relationship with Aerolineas Argentinas which will join the SkyTeam alliance in next year, including a long-standing codeshare relationship with its existing SkyTeam partner Aeromexico in which Delta will buy an equity stake.

Copyright 2011 Tendersinfo News, distributed by Contify.comAll Rights Reserved

undefined
Sign up for Aviation Pros Newsletters
Get the latest news and updates.

Related

What is IATA's CEIV Pharma Certification?
2024 Ground Support Worldwide GSE Maintenance Report