Delta Sells Stake in Brazilian Airline Gol

By Jeremy Del Nero on 11 December 2019
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Brazil’s Gol Linhas Aereas Inteligentes said late that Delta Air lines sold more than 32.9 million shares it held in the company, leaving Delta with no shares in the airline.

The move comes a few months after the Atlanta-based airline announced its decision to end its partnership with Gol.

In September, Delta took a 20% stake in Latam.  In December, the two announced a codeshare partnership for flights to be operated by Latam affiliates in Colombia, Ecuador, and Peru.  The codeshare agreement will go into effect in the first quarter of 2020, pending government approvals.

Latam Airlines Group is a Chilean holding company headquartered in Santiago. It has subsidiaries in Argentina, Brazil, Colombia, Ecuador, Paraguay, and Peru.

(Photo: Accura Media Group)

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