Creating and distributing additional copies is prohibited without the permission of the publisher. Contact subscriptions@latinfinance.com.

LAN-TAM Spawns LatAm Jumbo

Aug 15, 2010

In a bid to create a LatAm airline fit to compete globally amid increased competition from abroad, Chile’s LAN and Brazil’s TAM have announced plans to merge. The union forms the world’s 15th biggest airline by revenue and 11th biggest by passenger numbers, based on 2009 data, say the companies. Each TAM share will be exchanged for 0.9 LAN shares – a ratio that will not change – and the new partners expect $400m in annual synergies in the all stock deal, announced Friday as a non-binding MoU. Synergies...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial



LatinFinance Events

Poll

Will Argentina reach a deal with holdouts?

Vote