LATAM Airlines Group plans to leave the Oneworld alliance after Delta invests $1.9 billion
Topics: LATAM AIRLINES ONEWORLD DELTA
"We are disappointed, but we respect their decision. They have been a valued long-term member of the alliance, and we wish them well."
LATAM's decision to leave Oneworld comes after Delta Air Lines announced that it will invest $1.9 billion in LATAM, representing a 20% stake in the company.
As part of the deal, Delta will buy four Airbus A350s from LATAM and assume the Chile-based group's commitment to acquire 10 additional A350s that will be delivered from 2020 onwards. It will also obtain seats on LATAM's board, and invest an additional $350 million in the partnership. ■