Joint venture between American Airlines and LATAM nears approval

The General Superintendence (SG) of the Administrative Council for Economic Defense (CADE) in Brazil has made the recommendation to the antitrust regulator’s Administrative Tribunal to approve the Joint Business Agreement (JBA) between American Airlines and LATAM Airlines Group. American’s JBA with LATAM has already received approvals from aviation authorities in Uruguay and Colombia. After conducting a comprehensive review of the agreement and its impact on competition, the SG published its findings on September 14, and has recommended unconditional approval. CADE’s Tribunal has until Sept. 29 to indicate whether it is inclined to also review the matter. If it does not the recommendation becomes final. American Airlines will continue to actively collaborate with the relevant authorities in other jurisdictions reviewing the JBA and provide all necessary supporting information.