Frequent flyer agreements are bilateral agreements between airlines and are not part of the conditions for joining the oneworld alliance. While LATAM remains a member of oneworld, you can continue to earn and trade with other Allianz airlines. After we leave oneworld, we plan to maintain bilateral agreements with other airlines. Any relevant changes shall be communicated in good time. Since announcing their first framework agreement in September 2019, Delta and LATAM have achieved a number of milestones with customer benefits, including: mutual accumulation/replacement of multiple airlines; mutual elite services; Codeshares on selected routes; terminals common to turnstile airports; and reciprocal access to 35 Delta Sky Club lounges in the U.S. and five LATAM VIP lounges in South America. While you can currently book many Delta and LATAM codeshare flights online, more will appear in the coming months, as the joint venture agreement will be approved by more South American governments. Since then, Delta and LATAM, South America`s largest airline, have taken steps to better integrate their systems despite the coronavirus pandemic and achieve reciprocal redemption of frequent flyer miles, codeshare agreements, lounge access and improved connections to hub airports. Since April 1, thanks to their first codeshare agreement, delta and LATAM program members can collect and redeem miles on each other`s flights. This is an important benefit for travelers, but thanks to the new joint venture, other benefits are also given to each airline`s elite aircraft in the Delta and LATAM programs. Mutual recognition of animal loyalty between the two airlines should be available at some point in June, as well as reciprocal access to each airline`s airport lounges.
Since September 2019, Delta and LATAM have achieved several milestones in their framework agreement with customer benefits, including: the bilateral codeshare agreement with American Airlines expires on January 31, 2020. Tickets already purchased for flights with American Airlines are not affected. Airlines are striving to ensure a smooth transition by strengthening their existing interline agreement, establishing reciprocal lounge access and mutual benefits for frequent flights, as well as developing bilateral codeshare agreements. LATAM`s lounge and frequent flyer access agreements with American Airlines are maintained until LATAM leaves oneworld. The new codeshares will follow the announcement on September 26, 2019, of the LATAM and delta framework agreement, which will combine the airlines` perfectly complementary networks to provide customers with a seamless travel experience and better connectivity with destinations around the world. Background to the framework agreement announced on September 26, 2019: • Delta will invest $1.9 billion for a 20% interest in LATAM through a $16 per share tender offer. The takeover bid was launched on 27 November 2019 and has a duration of 30 days. • Delta will also invest $350 million to support the establishment of the strategic alliance under the framework agreement.
• Delta will acquire four Airbus A350 aircraft from LATAM and has agreed to make LATAM`s commitment to purchase an additional 10 A350 aircraft to be delivered between 2020 and 2025. • Delta will be represented on LATAM`s Board of Directors. • The strategic alliance is subject to all necessary administrative and regulatory approvals. The end of codeshare agreements with American Airlines LATAM will formally terminate all codeshare agreements with American Airlines on January 31, 2020. . .