Chile's Supreme Court thwarts airline joint venture

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Chile's Supreme Court has blocked a proposed joint venture between LATAM and both American Airlines and International Airlines Group. 

Chile's antitrust tribunal had approved the agreement, but Chilean tourism and consumer-rights groups had appealed that decision, citing competition concerns. The Supreme Court decision sided with those making the appeal. 

LATAM plans to continue to pursue the deal -- which already has approval from regulatory bodies in Brazil, Colombia and Uruguay -- outside of Chile, according to Reuters.
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Source: Business Travel News

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