American Airlines took a $200 million stake in Brazilian carrier Gol, after Delta stole LATAM from oneworld and a pending joint venture. Delta had to divest its ownership position in Gol to pull this off.
Gol is American’s exclusive codeshare partner in Brazil, and American is Gol’s exclusive codeshare partner in the U.S. And the relationship doesn’t just come with reciprocal earning and redemption of miles. Elite customers receive benefits across the two carriers.