American Airlines and LATAM Airlines Group Announce Plans for a Joint Business
Customers Gain Better Access to More Destinations in North and South America
FORT WORTH, Texas, Jan. 14, 2016 (GLOBE NEWSWIRE) -- American Airlines (NASDAQ:AAL) and LATAM Airlines Group are applying for regulatory approval to enter into a joint business (JB) to better serve their customers. The JB, which is subject to securing regulatory approvals, will offer American and LATAM customers an expanded network with coordinated schedules providing seamless travel on the airlines’ flights between the United States and Canada and six South American countries – Brazil, Chile, Colombia, Paraguay, Peru and Uruguay.
If approved, the JB will enhance the existing strategic partnership between American and LATAM allowing closer commercial cooperation that will provide significant benefits for consumers. These include:
“When great airlines can work together, customers win with more choices for when and how they travel,” said Doug Parker, chairman and CEO of American Airlines. “Customers will gain seamless access to more frequent and convenient schedule options than either carrier could offer individually. In the eight countries covered by this new joint business agreement, customers will have access to nearly 330 destinations, including 100 more South American destinations than American’s network serves today.” Enrique Cueto, CEO of LATAM Airlines Group added, “We’re bringing the United States, Canada and South America closer together than ever before, by providing both American and LATAM customers even greater benefits. This is a positive step in offering them the best connecting network in North and South America and it increases the possibility of adding new destinations to our networks in the future.” Through the proposed joint business, American will provide LATAM customers greater access to cities in the U.S. and Canada via American’s key hubs in Miami, New York, Dallas/Fort Worth and Los Angeles. LATAM’s hubs in Sao Paulo, Santiago, Brasilia, Lima and Bogota will give American customers enhanced network connectivity to cities in South America. In addition, it is anticipated that if approved, this JB will create opportunities for new direct service to currently underserved destinations and additional frequencies on existing routes. About American Airlines Group About LATAM Airlines Group S.A. LATAM Airlines Group announced that LATAM is the new brand for LAN Airlines, TAM Airlines and Affiliates. LATAM Airlines Group is currently working on the gradual roll-out of the new corporate brand image. The first changes will be visible starting in the first half of 2016. Each airline will continue to operate under their current brands and identities. For any inquiry of LAN or TAM, please visit www.lan.com or www.tam.com.br, respectively. Further information at www.latamairlinesgroup.net Corporate Communications 817-967-1577 mediarelations@aa.com |
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