Delta buys 20% of Latam

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10-18-2019, 11:01 AM

#321

forgot to bid

veut gagner à la loterie

Joined APC: Apr 2008

Position: Light Chop

Posts: 23,286

Quote:

Originally Posted by OOfff

We want a220-900s with 6 jt8ds

Whatever that is... burn it to the ground.

10-18-2019, 12:11 PM

#322

Planetrain

Gets Weekends Off

Joined APC: Jun 2015

Posts: 1,639

Quote:

Originally Posted by forgot to bid

Whatever that is... burn it to the ground.

6 JT8’s on an A220?
The GTF ‘s blue juice injectors ought to do that on its own.

10-18-2019, 03:31 PM

#323

sigler

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Joined APC: Dec 2012

Posts: 290

Quote:

Originally Posted by DWC CAP10 USAF

Maybe I don't understand how the deal with the LATAM group works. I know there are several subsidiary airlines such as LATAM Brasil, LATAM Chile, LATAM Argentina, etc. I thought the LATAM group had varying levels of minority/majority ownership in the those airlines.

I understood we are getting our 350's from the LATAM Brasil branch of the group. LATAM Brasil doesn't have 787's.

I know LATAM Chile and LATAM Peru have 787's in their fleets, but does the LATAM group own enough of those subsidaries they could give them to us or do the countries of Chile/Peru have a say?

LATAM is a single company. I think the confusion comes from the fact that it’s really impossible to merge ops when you're conducting a merger across borders. Everything that could be merged, was merged. All else was kept separate due to logistical/regulatory reasons, but it’s still just one big company comprised of 7 “sub-units”.

10-18-2019, 06:27 PM

#324

notEnuf

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Joined APC: Mar 2015

Position: stake holder ir.delta.com

Posts: 10,032

Quote:

Originally Posted by sailingfun

LATAM wanted out of the A350 deal. I suspect taking the A350’s was a significant part of swaying them to dump American. I am not sure we really wanted them however we wanted the overall deal enough to take them.

This is correct and the deal has provisions for Delta to take OR assign them. All Delta agreed to was to take them off of LATAM’s hands relieving them of an obligation they couldn’t afford and airplanes they had no use for. Delta could assign them to any subsidiary or rework the lease agreements to take ownership and then resell. Nothing about this deal guarantees that we, Delta pilots will ever operate them.

10-18-2019, 06:37 PM

#325

notEnuf

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Joined APC: Mar 2015

Position: stake holder ir.delta.com

Posts: 10,032

Quote:

Originally Posted by sigler

This is a window into the future structure of Deltam. Equity limits and liabilities associated with majority ownerships will prevent Delta from merging with all it’s subsidiaries/partners but the virtual merger made up of board level influence and JV immunization is alive and well and the future business plan.