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LATAM Airlines Group S.A. is a Chilean multinational airline holding company headquartered in Santiago, Chile. [ 1 ] [ 2 ] It is considered the largest airline company in Latin America [ 5 ] [ 6 ] with subsidiaries in Brazil , Colombia , Ecuador , Paraguay and Peru .
The airlines have to relinquish four daily slot pairs from São Paulo-Guarulhos International Airport to other airlines willing to fly the Santiago-São Paulo route, waive membership in Star Alliance (of which TAM Linhas Aéreas was a member) or Oneworld, and interline agreements with other airlines operating selected routes, among other ...
In November 2001, LAN Airlines acquired a majority stake of the company, which was then renamed ABSA Cargo Airline and integrated into the LAN Chile Group. ABSA Cargo put its first Boeing 767-300F into service in January 2002. It is owned by LAN Airlines (74%), Jochmann (13%) and TADEF (13%) and had 285 employees as of March 2007. [2]
LATAM Pass is the frequent flyer program of LATAM Brasil. Under this program, flyers can redeem program points for purchasing tickets on airlines of the LATAM group and selected partners. The program offers cards for different categories and percentages of mileage accrual: [74]
LATAM Ecuador was established in July 2002 as LAN Ecuador and started operations on April 23, 2003 with two Boeing 767-300ERs operated by LAN Airlines. In 2007, the airline became a member of the Oneworld alliance as a subsidiary of LAN Airlines. [ 7 ]
The company is the second largest airline holding in Latin America by revenue and fleet size after LATAM Airlines Group based in Santiago, Chile.With a fleet of 173 aircraft and more than 19,000 employees, Avianca serves over 100 destinations in America and Europe, which connect to over 750 destinations worldwide through codeshare agreements with partner airlines.
On 26 September 2019, Delta Air Lines announced its plans to buy 20% of the LATAM Airlines Group for $1.9 billion, to expand Delta's access to the Latin American market. Additionally, Delta agreed to pay LATAM's exit fee from Oneworld and to take delivery of all Airbus A350 XWB aircraft that LATAM had on order. On 1 January 2020, it was ...