Delta-LATAM JVA Receives Regulatory Approval From Brazil
Delta-LATAM JVA Receives Regulatory Approval From Brazil >>
by: Harvey Chipkin
Delta Airlines and LATAM Airlines Group and its affiliates received regulatory approval for their trans-American Joint Venture Agreement (JVA) from Brazil’s competition authority, the Administrative Council for Economic Defense (CADE). The proposed JVA 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 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. Ed Bastian, CEO of Delta, said this marks an important step in the approval process for the joint venture, “which will provide customers with the best experience and partner network in the Americas.” Just as Delta is committing significant resources to ensure customers feel confident when they travel, he said, “we remain equally committed to bringing customers all of the benefits our partnership with LATAM will offer.”
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