LATAM Airlines Group has announced the signing of separate joint business agreements with fellow Oneworld members American Airlines (AA, Dallas/Fort Worth) and the International Airlines Group (IAG) - British Airways (BA, London Heathrow) and Iberia (IB, Madrid Barajas) only.
At the core of the agreements, which are still subject to antitrust approval, LATAM and its affiliate carriers will gain access to over 420 destinations across Europe, the United States and Canada, and South America while American, Iberia, and British Airways will benefit from LATAM's extensive coverage of South America. Additional benefits include more flight options with better connection times, more competitive fares to destinations not served by LATAM, increased potential to developing new routes and adding more direct flights to new destinations as well as to destinations already served by LATAM.
Under LATAM's proposed agreement with American, AA will provide LATAM customers with access to more than 200 destinations across the United States and Canada through its key Miami International, New York JFK, Dallas/Fort Worth, and Los Angeles International hubs. In return, LATAM’s São Paulo Guarulhos, Santiago de Chile, Brasília Juscelino Kubitschek International, Lima International, and Bogotá hubs will offer AA customers enhanced network connectivity to Brazil, Chile, Colombia, Paraguay, Peru and Uruguay.
Under LATAM's proposed agreement with the IAG, British Airways, Iberia and LATAM Airlines Group would commercially cooperate on flights between the European Union and Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, and Uruguay. The IAG duo currently serve eighty-seven destinations across Europe. Existing codeshare agreements involving the forty-five daily flights LATAM and IAG operate between Europe and South America would also be expanded.
Both agreements are subject to various governments' regulatory approval which could take approximately 12-18 months.
