Chilean Court rejects American Airlines-LATAM joint business

Saturday, 24 May, 2019 0

Chile’s Supreme Court blocked a joint business agreement between carriers LATAM Airlines and American Airlines.

The agreement also involved IAG-owed European carriers British Airways and Iberia which aimed to coordinate fares and routes more closely to increase efficiency.

All four carriers are part of the One World alliance.

However a panel of judges knocked it back citing anti-trust concerns.

"We are in the presence of an agreement between competitors … who individually each have relevant market shares and who would acquire a joint market power that would be hard to challenge," they wrote in their decision.

LATAM called it a ‘backward step’ for Chile, as Uruguay, Colombia and Brazil regulators had all approved the deal.

The airlines may now press ahead with the joint business agreement in those counties only.

The Chilean judgement could impact United Airlines which has also applied for a Latin America-wide joint business agreement with Avianca Holdings and Copa Airlines.

That is still awaiting regulatory approval.



 

profileimage

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...