The court of free competition in Chile has approved the joint business agreement between American Airlines and the LATAM Airlines Group for both their passenger and cargo businesses.

American is currently evaluating the mitigating conditions included in the agreement.

“Our joint business agreement is good news for Chile and for our customers around the world,” said American chairman Doug Parker.

“While we are currently evaluating the conditions proposed by the court, we are confident that these types of agreements are the future of the airline industry as they have been proven to benefit consumers, local economies and tourism industries, while also encouraging market growth and competition.”

Since the joint business agreement with LATAM Group was announced in January 2016, the agreement has been approved by Brazil’s Administrative Council for Economic Defence, the antitrust division of the Ministry of Justice; by Aerocivil, Colombia’s civil aviation authority; and by DINACIA, Uruguay’s civil aviation authority.

American Airlines and American Eagle offer an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries.