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Delta to Acquire Stake in GOL Linhas
Wednesday, December 7, 10:22 AM ET

Delta Air Lines (NYSE:DAL) has signed a binding agreement to acquire a minority stake in Brazilian airline Gol Linhas Aereas Inteligentes (NYSE:GOL).

Delta will acquire $100 million in the discount airline's preferred shares.

Gol competes with other Latin America-based airlines like Panama's Copa Holdings (NYSE:CPA) and Chile's Lan Airlines (NYSE:LFL).

Gol shares are poised to trade higher Wednesday, and Delta shares are getting a boost as well.

For MarketNewsVideo.com, I'm Sayoko Murase.

Delta to Acquire Stake in GOL Linhas picture
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