American Airlines is buying a minority stake in South American low-cost airline JetSmart. Chile-based JetSmart is majority owner by Indigo Partners which also owns Frontier Airlines. Indigo also has majority stakes in Volaris in Mexico and Wizz Air in Europe.
The deal doesn’t include any partnership with Denver-based Frontier Airlines.
American’s stake will lead to a codesharing partnership with JetSmart. The airline flies to more than 30 destinations Chile, Argentina, Brazil, Colombia and Brazil. It has a fleet of 20 Airbus A320.
