November 3, 2010
Fitch views LAN’s announcement that it is acquiring 98.942% of the outstand
Fitch views LAN’s announcement that it is acquiring 98.942% of the outstanding shares of AIRES, the Colombian airline, as neutral to its credit quality. The deal is not expected to materially change LAN’s capital structure or liquidity position over the near term. New debt added to the Chilean airline’s balance sheet is not expected to be material.