TDLC approves LATAM and Delta’s joint venture agreement

LATAM and Delta

Chile’s Tribunal for the Defence of Free Competition (TDLC) has approved the out-of-court agreement reached by LATAM, Delta Air Lines and the Chilean National Economic Prosecutor’s Office.

The agreement and the decision of the court that approves it will allow, among other things, the implementation of its commercial agreement (“trans-American Joint Venture Agreement” or “JVA”), subject to the mitigation measures offered by the parties.

Meanwhile, the regulatory approval process for antitrust immunity with the U.S. Department of Transportation continues. 

Once all regulatory approvals are complete, the partnership between the airlines will connect the Americas to the world, delivering greater travel options to its customers.

In May LATAM Airlines Group and its affiliates and Delta Air Lines signed a trans-American Joint Venture Agreement that will combine the carriers’ complementary route networks between North and South America.