News Summary

• An out of court restructuring, however, is seen as “increasingly inviable.”American Airlines invested $200 million for a 5.2% ownership stake in the carrier, cementing a partnership that they hurriedly put together after Delta snatched a pending joint venture with much larger LATAM out from under them..
• Meanwhile, the US charges 185 dollars for brazilians to renew a visa, making you wait almost two years even if you had travelled to US (and back) 20 times in ten years..
• by Gary Leff on January 16, 2024 Brazilian airline Gol was the worst performing stock on the country’s benchmark index on Tuesday, dropping at one point as much as 13%, on reports that it is considering filing for Chapter 11 bankruptcy in the United States within a month..
• Latin America is just further behind other parts of the world in restructuring its airlines.Ironic that it’s a ground up LCC in distress vs a legacy carrier during otherwise good growth times for leisure travel..
• The two airlines offer reciprocal frequent flyer benefits in addition to codesharing on each others’ flights.This isn’t the first time that Gol has been in trouble..
• In a continental country like Brazil, a person from Manaus, for example, has to fly to Brasilia or Sao Paulo to get a visa, a trip that is sometimes more expensive than going to Miami..