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BRIEF-American Airlines, JetSMART Sign LoI To Create A Network In South America

Reuters logo Reuters 7/29/2021

July 29 (Reuters) - American Airlines Group Inc:

* AMERICAN AIRLINES AND JETSMART SIGN LETTER OF INTENT TO CREATE A NETWORK

* AMERICAN AIRLINES - PROPOSES ACQUIRING MINORITY OWNERSHIP STAKE IN JETSMART FOR IT TO GROW LOW-COST NETWORK IN SOUTH AMERICA

* AMERICAN AIRLINES - CO, INDIGO PARTNERS TO JOINTLY COMMIT TO PROVIDE ADDITIONAL CAPITAL TO FUND POTENTIAL FUTURE OPPORTUNITIES IN SOUTH AMERICA

* AMERICAN AIRLINES - CUSTOMERS WOULD BE ABLE TO EARN AND REDEEM AADVANTAGE MILES ON JETSMART FLIGHTS

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