Santander LATAM Pass’ Fidelity Program

Carey and Claro & Cía advised on the transaction

Banco Santander Chile has agreed with LATAM Airlines to renew and extend for 7 years the commercial and strategic alliance that they have maintained for 24 years and that will benefit more than one million customers included in the SANTANDER LATAM Pass program.

Banco Santander Chile, the country’s largest bank, strengthens its commercial alliance with LATAM Airlines, the largest airline in Chile and Latin America, forming the fourth largest loyalty program in the world. The agreement will continue to contribute to the consolidation of the Bank’s leadership in the Chilean market.

For 2019, it is estimated that Banco Santander clients will take over one million trips free of charge thanks to the SANTANDER LATAM Pass Program.

Carey advised Banco Santander with a team including Francisco Ugarte (Picture), Alejandra Daroch, Javiera Sepúlveda and Pablo Albertz.

Claro & Cía advised LATAM with José Luis Ambrosy.

Involved fees earner: Pablo Albertz – Carey; Alejandra Daroch – Carey; Javiera Sepúlveda – Carey; Francisco Ugarte – Carey; José Luis Ambrosy – Claro y Cia;

Law Firms: Carey; Claro y Cia;

Clients: Banco Santander Chile; LATAM Airlines;

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Author: Ambrogio Visconti.