American Airlines is planning to invest in a small South American budget airline as part of a deal that will include selling seats on each other’s flights
DALLAS — American Airlines plans to invest in a Chilean budget airline and sell seats on each other’s flights to help American extend its reach in South America.
American said Thursday that it has signed a letter of intent for the deal with JetSmart. American executives declined to say how much the airline proposes to invest in JetSmart other than describing it as a minority stake.
If the companies close the deal and win government approval, travelers could earn and spend American frequent-flyer points on JetSmart flights.
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