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.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026