Government Approvals
Latam agreement was approved with 11 restrictions by Chilean authorities on 21 September 2011. These include transferring 4 slots at São Paulo-Guarulhos to competitors interested in operating flights to Santiago de Chile, renouncing membership to either Oneworld or Star Alliance, restricting increase capacity on flights between Brazil and Chile, and opening code-share possibilities and fidelity program membership to interested competitors. On 14 December 2011, Brazilian authorities approved the agreement imposing similar restrictions as Chilean authorities: LATAM will have to choose an alliance by August 2012 and frequencies between São Paulo and Santiago de Chile will have to be reduced. Presently TAM has two pairs of slots while LAN has four. LAN will have to cease two pairs to competitors interested in using them. On 7 March 2013, LATAM announced its final decision to choose Oneworld as its global alliance of choice, and thus, TAM will be leaving Star Alliance during the second quarter of FY2014, to join Oneworld.
Read more about this topic: LATAM
Famous quotes containing the word government:
“Vanity is as advantageous to a government as pride is dangerous. To be convinced of this we need only represent, on the one hand, the numberless benefits which result from vanity, as industry, the arts, fashions, politeness, and taste; and on the other, the infinite evils which spring from the pride of certain nations, a laziness, poverty, a total neglect of everything.”
—Charles Louis de Secondat Montesquieu (1689–1755)