Delta Air Lines said on Thursday it would buy a 20% stake in LATAM Airlines Grou...
) for $1.9 billion, creating a major new airline partnership and ending the Chilean carrier’s ties with American Airlines.
American added that its LATAM partnership had limited upside after the Chilean Supreme Court struck down the two carriers’ plans for further route cooperation that would have also involved oneworld alliance members British Airways and Iberia. Oneworld said LATAM had advised it would leave the alliance in “due course” in line with contractual requirements, without naming a specific date.
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