LAN Airlines (Chile) Airbus A318-121 CC-CVB (msn 3030) (80 Anos) SCL (Alvaro Romero), originally uploaded by Airliners Gallery.
LAN Airlines S.A. (Santiago) and TAM S.A. (TAM Linhas Aereas) (Sao Paulo) yesterday (September 21) announced that Chile’s antitrust court, Tribunal de Defensa de la Libre Competencia (TDLC), approved the merger between LAN and TAM. This represents one more step in the process which both companies have followed to complete the transaction.
Currently, LAN Airlines and its affiliates operate 125 passenger aircraft while LAN Cargo and its respective affiliates have a fleet of 14 dedicated freighters.
TAM, including Pantanal, operates direct flights to 45 cities in Brazil and 18 cities in South America, the United States and Europe. Through agreements with companies in Brazil and abroad, TAM’s network encompasses a further 92 airports in Brazil and 92 international destinations, including Asia. The company was founded in 1976 and currently operates 153 aircraft.
The antitrust court’s resolution is complex and considers a series of mitigating measures. Therefore, both companies are currently analyzing in depth the implications and impact of the measures imposed by the court.
On August 13, 2010, LAN signed a non-binding agreement with TAM to merge and to also form the LATAM Airlines Group.
LAN Slide Show: CLICK HERE
Copyright Photo: Alvaro Romero.
Filed under: LAN Airlines (Chile), TAM Airlines, TAM Brasil, TAM Brasil (TAM Linhas Aereas), TAM Linhas Aereas Tagged: LAN Airlines (Chile), TAM, TAM Airlines, TAM Linhas Aereas
