Delta Airlines and LATAM Airlines recently announced the expansion of their joint venture. The joint venture agreement between the two airlines will now include LATAM’s affiliates in Peru, Colombia, Ecuador, and Chile. This development will increase Delta’s presence in Latin America and provide passengers with more flight options to destinations throughout the region.
The expanded joint venture agreement will allow Delta and LATAM to coordinate operations and provide a seamless travel experience for passengers. The airlines will work together to offer more flight routes, schedules, and fares across their networks, as well as enhanced connectivity between North and South America.
The partnership between Delta and LATAM began in 2019, and the two airlines have since expanded their codeshare agreement to include over 435 destinations in the Americas. The joint venture has already proven successful, with both airlines benefiting from increased traffic and revenue.
As part of the agreement, Delta has also invested $1.9 billion in LATAM, acquiring a 20% stake in the airline. This investment has helped LATAM to strengthen its financial position and weather the challenges brought on by the COVID-19 pandemic.
In conclusion, the expanded joint venture between Delta and LATAM represents a significant development in the airline industry. Passengers can look forward to more flight options and a seamless travel experience between North and South America. The partnership has already proven successful, and with the inclusion of LATAM’s affiliates, the future looks bright for both Delta and LATAM.