Please read below...I am very confused, why did LAN go with Korean and not Cathay Pacific ??
Chile's LAN, Korean Air, sign commercial alliance
Mon Nov 22, 2004 09:22 AM ET
SANTIAGO, Chile, Nov 22 (Reuters) - Chile's LAN airlines and Korean Air, which both have big cargo divisions as well as intercontinental passenger services, signed a commercial alliance that will increase connections between Latin America and South Korea, LAN said on Monday.
The LAN-Korean air agreement includes code sharing on flights, and will give Korean Air (003490.KS: Quote, Profile, Research) passengers more flight options to Latin America, and Latin Americans more flights and connections to get to South Korea, LAN said in a statement.
The two airlines will also link their frequent-flier programs under the deal, LAN said.
South Korea and Chile entered into a free trade agreement this year and South Korean President Roh Moo-hyun was in Chile on the weekend for the Asia-Pacific Economic Cooperation leaders' summit.
The leaders of South Korea and China toured South America before the annual APEC summit, which focuses on trade and security, forging business deals in Argentina, Brazil and China.
LAN (LAN.SN: Quote, Profile, Research) (LFL.N: Quote, Profile, Research) , which already has flights throughout the Americas, and to Europe, Australia, and Asia, has said it wants to take advantage of the new trade links with Asia to move into that region.
LAN is also exploring the possibility of adding a Sydney-Bali flight, an official from Indonesia told Reuters over the weekend.