Delta and LATAM have received regulatory approval for their trans-American joint venture from Brazil’s competition authority, the Administrative Council for Economic Defense.
The announcement is a result of current market conditions, exacerbated by the impact of the Covid-19 pandemic and the difficulty of building structural agreements with local industry actors, the group explained.
LATAM Airlines Group has sought chapter 11 bankruptcy protection in the United States as the company seeks to reorganise in the wake of the Covid-19 outbreak. Affiliates in Chile, Peru, Colombia and Ecuador are all involved in the move.
In June, the group expects to increase its total pre-crisis capacity from five to nine per cent, while preparing to reach 18 per cent in July. Additional sanitation measures will also be implemented on all flights.
LATAM Airlines Group has announced a 95 per cent reduction in operations during April. The move comes in light of border closures and lower demand due to the Covid-19 (Coronavirus) pandemic.
LATAM Airlines Group will cut international flights by a third as the world struggles to contain an outbreak of Covid-19. The virus, now declared a pandemic by the World Health Organisation, has caused a precipitous fall in demand for travel.
LATAM Airlines Group has signed a loyalty program agreement with Delta that will enable reciprocal frequent flyer benefits. The deal will come into effect on April 1st.
LATAM Airlines Group will add a new premium economy class to its offering in March. The new cabin will be introduced on all national and international flights within Latin America operated by the Airbus A320 family.
The deal, covering operations at LATAM Airlines Peru, LATAM Airlines Colombia and LATAM Airlines Ecuador, will start in the first quarter of 2020, subject to applicable regulatory approval.
LATAM Airlines Group has launched a new, non-stop service between its hub in Lima, capital of Peru, and Montego Bay in Jamaica. The three-times weekly frequency arrived for the first time at Sangster International Airport in the Caribbean tourism capital earlier.
Delta Air Lines has revealed it will take a 20 per cent stake in LATAM Airlines Group. The deal, valued at US$1.9 billion, is likely to prove a blow to American Airlines, with the rival carrier having sought a joint-venture with the Chilean-based carrier to grow revenue in South America.
Finnair customers looking to fly to Latin America are getting a boost thanks to a new codeshare agreement announced with LATAM Airlines Group. The partnership will offer new destinations for Finnair customers, as LATAM’s flights will be the first to be flown to South America with a Finnair code.