This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

On Wednesday, Brazil’s Senate approved an open skies agreement with the US, which means more flights between the two countries. It also means a business deal between American Airlines and Latam Airlines, respectively the biggest airline in the world and the biggest in Latin America, will be allowed to proceed.

Required by the US Department of Transportation, the treaty allows American and Latam to coordinate their schedules and connections. The agreement will also bring an icreased amount of flights between the two countries, with more destinations and routes available. In fact Brazil’s tourism board predicts the number of flights between the US and Brazil will rise by about 30%.

The agreement is also expected to bring lower airfares to and from Brazil and bring additional interest from other US carriers in more routes to Brazil. According to the Brazilian government, 70% more Americans have been traveling to Brazil since the country started its electronic visa program in January.

American and Latam first introduced the agreement in 2011, but some Brazilian lawmakers opposed it due to fears local airlines would not fare well with US competition.

The treaty now goes to the desk of Brazilian President Michel Temer, who is expected to approve it.

H/T: Reuters

Featured image by Agustin Diaz via Unsplash

The best beginner points and miles card out there.
Chase Sapphire Preferred® Card

With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
Regular APR
17.99% - 24.99% Variable
Annual Fee
$0 Intro for the First Year, then $95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.