When does the codeshare agreement with Delta begin? Code-sharing authorization is granted because the two airlines continue to advance their long joint venture (JV). Earlier this week, an application was filed with the DOT, which sought antitrust immunity in favour of a fully metal-neutral joint venture for network mergers and the operation of a «fully integrated» international partnership between North and South America. Delta completed the acquisition of a 20% stake in Chilean LATAM at the end of December, as code sharing has been closed since the launch between Delta and LATAM`s subsidiaries in Colombia, Ecuador and Peru. Prior to the release of COVID-19, airlines said the agreements would allow passengers to have better connectivity on 74 subsequent flights in the United States and up to 51 flights in South America. Latam Airlines Group (HERE) announced today that its subsidiaries LATAM Airlines Peru, LATAM Airlines Colombia and LATAM Airlines Ecuador have signed codeshare agreements with Delta to ensure better connectivity with the United States from the first quarter of 2020, subject to current regulatory approval. While LATAM remains a oneworld member, you can continue to win and trade with other Allianz airlines. After we leave oneworld, we plan to maintain bilateral agreements with other airlines. Any relevant changes are communicated in a timely manner. Important: Seating and other ancillary revenues are not available for sale on codeshare flights. Delta Air Lines and LATAM Airlines Group have been given the green light by the U.S. Department of Transportation (DOT) to operate codeshare lines between the United States and Chile. After Delta Air Lines`s (DL) recent acquisition of LA by 20%, code sharing was possible. As DL already managed 49% of AM`s share capital, the agreement is a long-term joint commitment.
In September, DL and LA obtained approval for their trans-American joint venture project. «These codeshares represent an important step on LATAM`s path to the best connectivity and customer experiences in North and South America. Our passengers will soon have access to up to 74 destinations in the U.S. and Canada, which is just one example of the complementarity of our networks and one of the many future benefits that the strategic agreement with Delta will bring,» said Enrique Cueto, CEO of LATAM Airlines Group. Aeromexico and LATAM have signed a codeshare agreement. The two Latin American airlines will also set up shop together on Mexico City`s largest platform, Aeromexico. The new codeshare allows customers to access many new destinations in Colombia and Brazil. LATAM Airlines Group is the leading airline in South America. Aeromexico is the third after Avianca. Currently, both companies are being restructured in Chapter 11 as a result of the COVID 19 crisis.
Both airlines expect to reduce and reduce their international and domestic capabilities, so that a code-sharing agreement does not appear to be far-fetched. The South American airline will end its codeshare with American Airlines at the end of January, after Delta invested $1.9 billion for a 20 percent stake in Latam. Delta will also spend $350 million to support the alliance between the two, and four will buy at the A350 in Latam and commit to buying another 10. The airline group`s subsidiaries in Peru, Colombia and Ecuador have signed codeshare agreements with Delta, which will come into effect in the first quarter of 2020. LATAM also plans to conclude codeshare agreements between Delta and its subsidiaries in Chile and Brazil in 2020, which offer even greater connectivity between South America and the United States. Grupo Aeromexico is in negotiations to expand its South American alliance with other Delta partners. LATAM Airlines Group. The Mexican airline is working on a possible codeshare agreement with the Chilean-Brazilian airline. What do we know? Let`s take a closer look. «An expected equity gain of 2.5pp on international markets as a result of the