Overlap?
* Air Canada
* Air China
* Air New Zealand
* ANA
* Asiana Airlines
* Austrian
* bmi
* EgyptAir
* LOT Polish Airlines
* Lufthansa
* Scandinavian Airlines
* Shanghai Airlines
* Singapore Airlines
* South African Airways
* Spanair
* SWISS
* TAP Portugal
* THAI
* Turkish Airlines
* United
* US Airways
* Regional Members
* Adria Airways
* Blue1
* Croatia Airlines
None of those airlines have a strong Central or South American operation. I would think OW wouldn't want Copa or Aero Republica because of overlap. ST would probably like to keep them just as much as *A would like to get them.