American Airlines on LATAM Partnership
September 26, 2019
September 26, 2019
FORT WORTH, Texas, Sept. 26 -- American Airlines issued the following news release:
LATAM and the Cueto family have been terrific partners of American Airlines for decades. Given the recent negative ruling by the Chilean Supreme Court, which would have significantly reduced the benefits of our partnership since Chile was not approved as a part of the potential joint business arrangement, we understand LATAM's decision to partner with a U.S. carrier that isn't burdened by the ruling. . . .
LATAM and the Cueto family have been terrific partners of American Airlines for decades. Given the recent negative ruling by the Chilean Supreme Court, which would have significantly reduced the benefits of our partnership since Chile was not approved as a part of the potential joint business arrangement, we understand LATAM's decision to partner with a U.S. carrier that isn't burdened by the ruling. . . .