Joint Venture Agreement In Swahili

“This is an important step in the approval process for our joint venture with LATAM, which will provide customers with the best experience and network of partners in North and South America,” said Ed Bastian, DELTA CEO. “Just as Delta provides significant resources to ensure that customers feel safe while travelling, we continue to strive to offer our customers all the benefits that our partnership with LATAM will offer.” Since Delta and LATAM announced their first framework agreement in September 2019, they have reached a number of milestones with benefits for customers, including: reciprocal accumulation/exchange of loyalty miles; The mutual benefits of the elite; Code-sharing on selected routes common terminals at hub airports; and reciprocal access to 35 Delta Sky Club lounges in the United States and five LATAM VIP lounges in South America. “As we continue to focus on our customers` confidence in flying and in the search for a safe and responsible recovery of aviation in Latin America, we have not lost sight of our long-term commitments,” said Roberto Alvo, CEO of LATAM Airlines Group. “The approval of the CADE in just two months demonstrates the benefits of the joint venture for customers and Brazil and is another important step in providing customers with exceptional connectivity in North and South America. We are confident that these benefits will be recognized by competition authorities in other countries. The Delta-LATAM AIC project, presented to the CADE on July 14, 2020, was approved unconditionally after assessing free competition considerations and taking into account COVID-19`s unprecedented economic impact on the aviation industry. This is the first JVA authorization between Delta and LATAM since it was signed in May 2020. The JVA`s goal is to connect the airlines` highly complementary networks and provide customers with a seamless travel experience between North and South America, as soon as all regulatory approvals are guaranteed.

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