American, Latam Propose Joint Business Agreement
American Airlines announced plans to begin a joint business agreement with Latam Airlines Group, a Latin American airline holding company. The agreement will cover the two airlines’ flights between the United States and Canada and six South American countries, namely Brazil, Chile, Colombia, Paraguay, Peru, and Uruguay.
The two plan to apply to the U.S. Department of Transportation and equivalent local authorities in South America for antitrust immunity.
The two airlines have been partners since Latam and American began a codeshare agreement in 1999, and both are members of the oneworld alliance.
The agreement, if approved, will give customers access to more routes and destinations. The two airlines said that it will result in more competitive fares and more choice for travelers.
With the new agreement, American Airlines passengers will have access to 100 additional destinations throughout South America.
(Photo: Accura Media Group)