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American Airlines buys stake in Chile-based JetSmart
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.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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