LATAM’s expanded cargo and passenger partnership with American Airlines has taken a major step forward after gaining approval from Brazil’s competition authority.
The joint business agreement (JBA) was approved by the General Superintendence of the Administrative Council for Economic Defense (CADE) earlier this week and follows approval in March for a similar tie-up with IAG. All three airlines are part of the oneworld alliance.
LATAM’s JBAs with both American Airlines and IAG have now been approved in Uruguay, Colombia and Brazil.
The airline group said it was confident that, like the CADE, free competition authorities in other jurisdictions will evaluate and consider the substantial benefits that these agreements.