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Administrative Council for Economic Defense approves American Airlines investment in Gol

The Administrative Council for Economic Defense (CADE) published the approval, without restrictions, of American Airlines’ equity investment in Gol Linhas Aereas. “The operation aims to expand the offer of flights in the Brazil – United States corridor”, points out a statement from CADE. American and Gol have signed a definitive agreement. The commitment includes an investment in the amount of USD 200M, by the North American airline, in 22.2 M new preferred shares to be issued by Gol in a capital increase, representing a 5.2% interest in the economic rights derived from the company’s shares. – https://www.panrotas.com.br/aviacao/parcerias/2022/03/cade-aprova-investimento-da-american-na-gol_188107.html