The Uber driver pulled up to the international airport outside Chile's capi...
SANTIAGO - The Uber driver pulled up to the international airport outside Chile’s capital. As his passenger jumped into his gleaming Suzuki, he glanced around furtively for signs of trouble.
“This application is not legal,” Chile´s Transport Minister Gloria Hutt said last year. “It does not at present comply with Chilean legislation to carry paying passengers.” “If anyone asks, I’m your friend’s Uncle Diego,” one so-named Uber driver told Reuters on another recent run. Veronica Jadue, the company’s spokeswoman in Chile, insisted Uber was legal. She cited a 2017 Supreme Court ruling that thwarted efforts by Chilean taxi firms and unions looking to halt the service in the northern city of La Serena. The court cited legislation introduced in 2016 by the government of former President Michelle Bachelet to regulate ride-hailing services. “The intention is to regulate it, not to prevent its development,” the three-judge panel said.
Clearing up its status in Chile and elsewhere will help. Still, would-be shareholders likely will be more interested in Uber’s ability to maintain its dominance in Latin America and other places where rivals such as China’s Didi Chuxing are moving in, according to Nathan Lustig, managing partner of Magma Partners, a Santiago-based seed stage venture capital fund.
The company’s technology is helping too. For example, Santiago-area riders had complained on social media that drivers were frequently cancelling rides to and from the airport, a hot zone for citations. Matias Muchnick, a member of Chile’s vibrant start-up community, said the “chaos” is embarrassing. The country touts its orderliness and sophistication to foreign investors, who might not see the adventure in ducking transit cops after stepping off their international flights.
In Argentina, for example, the company remains unregulated years after entering the market. Lawmakers in Buenos Aires have largely sided with taxi drivers, who complain Uber charges artificially low fares while avoiding all the overhead born by cabbies.
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