Originally Posted by Eastbay1K

I'd expect a JV to take advantage of the lower labor and other operating costs of the more "efficient" carrier. Given the current relative weakness of South American currencies, DL wouldn't necessarily be flying the aircraft. If you go back to when the CLP was in the $400s to US $1 and the BRL was about $1.60 to US $1, you might have the reverse. (Right now they are at $700+ and $4+, respectively, but will eventually swing the other way.)