Air France-KLM And GOL Linhas Aéreas Inteligentes Signed An Agreement To Extend And Enhance Their Commercial Partnership For The Next 10 Years; Both Parties Will Grant Each Other Exclusivity On Routes Between Europe And Brazil
Portfolio Pulse from Benzinga Newsdesk
Air France-KLM and GOL Linhas Aéreas Inteligentes have signed an agreement to extend and enhance their commercial partnership for the next 10 years. The partnership, initiated in 2014, will grant each other exclusivity on routes between Europe and Brazil. The increased commercial cooperation will provide improved connectivity, covering 99% of demand between the two areas. The partnership also includes increased maintenance cooperation, with Air France Industries KLM E&M expanding its support to GOL's CFM56 and LEAP engines.
October 26, 2023 | 12:53 pm
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Air France-KLM has extended its commercial partnership with GOL Linhas Aéreas Inteligentes for 10 years, which includes exclusivity on routes between Europe and Brazil and increased maintenance cooperation.
The extended partnership with GOL Linhas Aéreas Inteligentes will likely strengthen Air France-KLM's position in the market, potentially leading to increased revenues and a positive impact on its stock price in the short term.
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