LATAM Airlines Group chooses oneworld as its global alliance

Santiago, March 7, 2013 – LATAM Airlines Group (Santiago Stock Exchange: LAN / NYSE: LFL / Bovespa: LATM11), one of the most important airline holding groups in the world, has chosen oneworld® as the global alliance for its airlines. With this decision – announced today at a oneworld meeting held in Hong Kong – TAM Airlines will become a member of oneworld, joining LAN Airlines and 11 other member airlines.

TAM Airlines will join oneworld, the leading alliance for flights within Latin America and from the region to both the United States and Europe (three of the most demanded international destinations for LATAM Airlines Group’s passengers), and with a strong presence in the Asia/Pacific region. With its addition oneworld´s members, along with the other airlines lining up to join the alliance, will serve more than 950 airports across 160 countries, operating 13,000 daily departures. These airlines transport 480 million passengers every year through a combined fleet of over 3,300 aircraft and provide access to 550 VIP lounges across the five continents. LATAM Airlines Group’s network of destinations will increase access between South America and the world.

TAM will withdraw from Star Alliance during the second quarter of 2014, on a date to be announced later in 2013. The airline plans to officially join oneworld as soon as it leaves Star Alliance. From that date, TAM passengers will be able to accumulate kilometers/points by flying on any oneworld member airline. Until then, they will continue to receive the benefits offered by Star Alliance.

Frequent flyer passengers will retain the kilometers/points accumulated from flying with Star Alliance member airlines as well as maintain their respective frequent flyer status during and after the transition period, provided they are registered with the TAM Fidelidade program. LAN and TAM will proactively inform their passengers of any changes in the process.