BRAZIL: LATAM Airlines Group To Grow To 420 Destinations Worldwide

The LATAM Airlines Group network will grow to include over 420 destinations worldwide

LATAM Airlines Group strengthens relationships with oneworld partners via two new joint business agreements, one with American airlines and another with IAG (British Airways and Iberia)

· These agreements will bring benefits for LATAM passengers include access to a network over 420 destinations, more flight options with better connection times, more competitive fares to destinations not served by LATAM, increased potential to developing new routes and adding more direct flights to new destinations as well as to destinations already served by LATAM.

· The agreements will benefit South America, improving the continent’s connectivity and boosting tourism as well as business travel.

· Both agreements are subject to regulatory approval in different countries which could take approximately 12-18 months.

Santiago, Chile - January 14, 2016 – LATAM Airlines Group (“LATAM”) announced today that it has applied for two separate joint business agreements: one with American Airlines (NASDAQ AAL) and another with International Airlines Group (IAG) for its airlines British Airways and Iberia. These agreements strengthen relationship of LATAM Airlines Group and other oneworld members, which respond to a global industry tendency.

The agreements will be gradually implemented and will include important benefits for clients of LATAM and its affiliates including:

1. Access to a network of over 420 destinations for LATAM (Europe, United States and Canada, and South America):

· More than 200 destinations served by American Airlines will connect to South America through more than 90 flights between North American and South America operated by American Airlines and LATAM.

· 87 destinations served by IAG (British Airways and Iberia) will connect to South America through 45 daily flights between South America and Europe operated by IAG and LATAM.

2. More flights and better connections with:

· 2,500 daily American Airlines flights within the United States and Canada

· More than 900 daily British Airways and Iberia flights within Europe

3. Increased seat availability and more competitive prices to destinations not operated by LATAM :

· More flight options and better connections to destinations that are not served by LATAM and its affiliates and more competitive fares.

4. Increased potential of adding new routes and direct flights to new destinations as well as flights already operated by LATAM and affiliates in the future.

5. Clients will have better options to change flights in all the routes included in the agreement

· All flights included in the 2 agreements will be available to attend clients’ needs, such as reservation changes.

All these new services and options will be also available for LATAM frequent flyer programs (LANPASS and TAM Fidelidade) members.