Delta and LATAM receive approval in Brazil for joint venture agreement

21/09/2020

PRESS RELEASE: Brasilia, Brazil – September 18, 2020. Delta Air Lines and LATAM Airlines Group S.A. and its affiliates (‘LATAM’) received regulatory approval* yesterday for their trans-American Joint Venture Agreement (‘JVA’) from Brazil’s competition authority, the Administrative Council for Economic Defense (CADE).

The proposed JVA between Delta and LATAM, which was presented to the CADE on July 14, 2020, was approved without conditions, following an evaluation of free competition considerations and taking into account the unprecedented economic impact of ...