LATAM and Qatar Airways, both members of the oneworld alliance, have entered into a subscription agreement providing for Qatar Airways to acquire up to 10% of LATAM’s total shares, which will be acquired in connection with a capital increase. As provided for in the subscription agreement, LATAM Airlines Group will hold an Extraordinary Shareholders Meeting no later than 2 September, 2016 to propose a capital increase in the amount of US$613 million through the issuance of new shares at a price of US$10 per share. “LATAM represents an exciting opportunity to invest and support the development of our long-term relationship.

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