Delta and Latam Airlines receive approval in Brazil for Joint Venture agreement.
Delta Air Lines and Latam Airlines received regulatory approval* Thursday for their trans-American Joint Venture Agreement (‘JVA’) from Brazil’s competition authority, the Administrative Council for Economic Defense (CADE).
The proposed JVA between Delta and LATAM, which was presented to the CADE on July 14, 2020,was approved without conditions, following an evaluation of free competition considerations and taking into account the unprecedented economic impact of COVID-19 on the airline industry. This is the first approval for the JVA between Delta and LATAM Airlines Group since it was signed in May 2020.
The JVA aims to connect the carriers’ highly complementary route networks and provide customers with a seamless travel experience between North and South America, once all regulatory approvals are secured.
“This marks an important step in the approval process for our joint venture with LATAM, which will provide customers with the best experience and partner network in the Americas,” said Delta CEO Ed Bastian.
“While we remain focused on providing customers with the confidence to fly and are working towards the safe and responsible recovery of aviation in Latin America, we have not lost sight of our long-term commitments,” said LATAM Airlines Group CEO, Roberto Alvo.
Líder en noticias de aviación