GOL Inks Definitive Investment Agreement With American Airlines

GOL Linhas Aereas Inteligentes SA GOL has entered into definitive arrangements through an investment agreement with American Airlines Group Inc AAL.
GOL will expand its commercial cooperation with American and an equity investment of $200 million by American in 22.2 million newly issued preferred shares of GOL through a capital increase for a 5.2% participation in GOL's economic interest.
Related: GOL To Receive $200M Investment From American Airlines, Upgrades Codeshare Agreement
The closing of the transaction, including the issuance and payment for newly issued preferred shares of GOL, is subject to customary closing conditions, including antitrust approval in Brazil.
Price Action: AAL shares are trading higher by 1.58% at $16.71 and GOL higher by 2.17% at $6.59 during the premarket session on Monday.