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LATAM Airlines Group plans to leave the Oneworld alliance after Delta invests $1.9 billion

Christian Fernsby |
In a statement, the Oneworld alliance says it received an advisory from LATAM Airlines Group of its decision to partner with a non-member airline and to leave Oneworld "in due course and in accordance with formal contractual requirements."

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"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.

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