Rookie87 wrote:chepos wrote:Rookie87 wrote:AA and LATAM have a metal neutral agreement in Brazil just like they do with BA over the Atlantic?
They are seeking govt approval to have a JV with LATAM that covers a host of countries in South America.
Thank you Chepos!
I thought I read further up that they had one for specific cities.
Kudos to AA for opening these new routes and being smart about when they actually operate the flights rather than jumping to daily. AA only covers Belize City, MEX, PVR, SJD, GRU, and EZE as far as Central and South America from LAX and hopefully the list grows.
The AA-LATAM joint venture agreement is not for 'specific cities', but entire nations, specifically Colombia, Brazil, Chile, Peru, Uruguay, and Paraguay. Argentina and Ecuador, two nations with LATAM subsidiaries are glaringly missing from the agreement, which was executed over two years ago:
http://news.aa.com/press-releases/press ... fault.aspxHowever, the joint venture is only now valid in Brazil as the nation's legislature has ratified the Open Skies agreement with the United States. This CAPA industry article from the link below explains the joint venture only comes into effect once Brazil and the United States fully ratify their Open Skies agreement:
https://centreforaviation.com/insights/ ... lax-406153Furthermore, Chile, another very important market, has yet to have its market regulator authorize the joint venture agreement out of market concentration concerns. However, regulators have held extensive discussions with LATAM and AA and are expected to authorize their immunized joint venture agreement soon.
Completely separate, LATAM has an agreement with IAG covering the trans-Atlantic market.