{"id":7015,"date":"2019-12-11T18:06:51","date_gmt":"2019-12-12T00:06:51","guid":{"rendered":"http:\/\/planesintheair.com\/?p=7015"},"modified":"2019-12-11T18:06:51","modified_gmt":"2019-12-12T00:06:51","slug":"brazilian-airline-gol-says-delta-air-exits-stake","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=7015","title":{"rendered":"Brazilian Airline GOL Says Delta Air Exits Stake"},"content":{"rendered":"\n
\"\"
PRYCBK Delta airlines airplane preparing for landing in the blue sky at day time in international airport<\/figcaption><\/figure>\n\n\n\n

Dec 11 (Reuters) – Brazil’s GOL Linhas Aereas Inteligentes SA said late Tuesday that Delta Air lines Inc has sold more than 32.9 million shares it held in the company, a few months after the Atlanta-based airline announced its decision to exit stake.<\/p>\n\n\n\n

Delta’s decision to sell its stake was expected, following its acquisition of a 20% stake in GOL competitor LATAM Airlines Group SA for $1.9 billion in September.<\/p>\n\n\n\n

Delta did not immediately respond to Reuters’ request for comment.<\/p>\n\n\n\n

The deal with LATAM Airlines was Delta’s largest since it merged with Northwest Airlines a decade ago, and ended the Chilean carrier’s ties with American Airlines Group.<\/p>\n\n\n\n

Delta’s deal with Latin America’s largest carrier would give it a bigger footprint in the region, where American Airlines has been leading the charts.<\/p>\n\n\n\n

American Airlines confirmed in October it was negotiating a possible partnership with GOL, after a newspaper reported that the two companies were in contact the same day that Delta bought its stake in LATAM.<\/p>\n\n\n\n

The structure or content of any potential partnership was unclear, Brazil’s Valor Economico said at the time.<\/p>\n\n\n\n

(Reporting by Bhargav Acharya in Bengaluru, Editing by Sherry Jacob-Phillips)<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Brazil’s GOL Linhas Aereas Inteligentes SA said late Tuesday that Delta Air lines Inc has sold more than 32.9 million shares it held in the company, a few months after the Atlanta-based airline announced its decision to exit stake. Delta’s decision to sell its stake was <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[797,89,9283,5637,8222,5992,2203,5500,4957,5676,8809,1397,868,1103],"tags":[3648,2385,539,420,118,914,116,43,6741,535,160,3945,184,687,1925,9224,655,9278,8642,9282,3755,246,1713,9277,9276,4253,3780,182,745,7799,2386,1843,440,2281,540,2384,7521,4925,8198,412,3618,4297,9280,1541,3420,8989,4203,1288,7627,8105,2275,9279,7660,2855,4445,9281,1691,1658,1712],"class_list":["post-7015","post","type-post","status-publish","format-standard","hentry","category-airline-news","category-aviation-news","category-brazil-news","category-business-news","category-consumer-news","category-economic-news","category-finance-news","category-frequent-flyer-news","category-global-politics","category-international-news","category-latin-america-news","category-stock-news","category-transportation-news","category-travel-news","tag-acquisition","tag-aereas","tag-air","tag-airline","tag-airlines","tag-america","tag-american","tag-american-airlines","tag-announced","tag-atlanta","tag-aviation","tag-based","tag-brazil","tag-brazilian","tag-carrier","tag-chilean","tag-company","tag-competitor","tag-confirmed","tag-content","tag-decision","tag-delta","tag-economico","tag-exit","tag-exits","tag-expected","tag-footprint","tag-gol","tag-group","tag-held","tag-inteligentes","tag-largest","tag-latam","tag-latin","tag-lines","tag-linhas","tag-merged","tag-million","tag-negotiating","tag-news","tag-newspaper","tag-northwest","tag-orient","tag-partnership","tag-possible","tag-potential","tag-region","tag-reuters","tag-said","tag-says","tag-shares","tag-since","tag-sold","tag-stake","tag-structure","tag-ties","tag-transport","tag-transportation","tag-valor"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/7015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7015"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/7015\/revisions"}],"predecessor-version":[{"id":7019,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/7015\/revisions\/7019"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}