The Court of Free Competition (TDLC) in Chile approved the Joint Business Agreement (JBA) between American and LATAM Airlines Group for both their passenger and cargo businesses. American is currently evaluating the mitigating conditions included in the agreement.
“Our JBA is good news for Chile and for our customers around the world,” said American’s Chairman and CEO Doug Parker. “While we are currently evaluating the conditions proposed by the TDLC, we are confident that these types of agreements are the future of the airline industry as they have been proven to benefit consumers, local economies and tourism industries, while also encouraging market growth and competition.”
Since the JBA with LATAM Group was announced in January 2016, the agreement has been approved by Brazil’s Administrative Council for Economic Defense (CADE), the antitrust division of the Ministry of Justice; by Aerocivil, Colombia’s civil aviation authority; and by DINACIA, Uruguay’s civil aviation authority.