Chile's Supreme Court bars LATAM JVs with American and IAG

Chile's Supreme Court has struck down proposed joint ventures by LATAM Airlines with Oneworld partners American Airlines and IAG, siding with appeals filed against the deals last year by Chilean tourism and consumer organisations. Four judges behind the court's decision say that the proposed joint ventures will result in the airlines acquiring a market position that would be "difficult to challenge" in an industry that already has high barriers to entry. (www.flightglobal.com) 更多...