Delta Air Lines (Delta) and LATAM Airlines Group S.A. and its affiliates (LATAM) have received regulatory approval 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 COVID-19 on the airline industry. This is the first approval for the JVA since it was signed in May 2020.
The JVA aims to connect the carriers’ highly complementary route networks and provide customers with a seamless travel experience between North and South America, once all regulatory approvals are secured.
