United Kingdom
United States
Asia Pacific
Delta sells stake in Brazil’s Gol
Delta Air Lines has offloaded its stake in Brazil’s Gol Linhas Aereas as it goes all-in on its LATAM investment and joint business venture.
It sold its 9% stake and is moving forward on an acquisition of a 20% stake in South American rival LATAM for about $1,9 billion.
The Gol stake was valued at about $256 million recently when Delta announced it was planning to sell.
Gol is Brazil’s largest carrier with a 37% market share based on data from the first 10 months of this year.
Delta and Gol will also likely halt their cooperation on codesharing, frequent flyer and lounge partnership over the coming months as the Delta-LATAM tie-up moves forward.
It has sparked an Americas merry-go-round with Gol on the lookout for a new partner.
That is widely expected to be American Airlines.
American of course had a partnership with LATAM until Delta moved in.
American and LATAM will officially end their codeshare partnership in February.
TravelMole Editorial Team
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.
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
Abercrombie & Kent hails $500 million funding boost
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’