Chile’s Supreme Court has blocked a proposed joint venture
between LATAM and both American Airlines and International Airlines Group.
Chile’s antitrust tribunal had approved the agreement, but
Chilean tourism and consumer-rights groups had appealed that decision, citing
competition concerns. The Supreme Court decision sided with those making the
LATAM plans to continue to pursue the deal — which already
has approval from regulatory bodies in Brazil, Colombia and Uruguay — outside
of Chile, according to Reuters.
Source: Business Travel News
Source: Read Full Article