IAG, American to Seek Approval for Joint Venture With Latam

  • Plan could deliver market-share gains for Oneworld partners
  • Carriers may take 18 months to secure antitrust permission

American Airlines Group Inc. and British Airways parent IAG SA signed joint venture agreements with Chile’s Latam Airlines Group SA as they seek the closest level of cooperation available with the No. 1 South American carrier short of a merger.

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