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| August 14, 2010 | Possible TAM-LAN merger set to create biggest South American airline in region | | Beijing: Leading South American airlines LAN of Chile and TAM of Brazil have announced merger plans, a deal that, if completed, would result in the largest airline operator in the region. According to the BBC, LAN has confirmed the agreement, which it said is
non-bidding, and added that the new carrier would be called 'Latam Airlines Group'.
TAM announced that the combined airline would fly to 115 destinations in 23 countries,
with a 40,000-strong workforce. If the tie-up goes ahead, it would be headed by
LAN boss Enrique Cueto while TAM deputy chairman Mauricio Rolim would be company
chairman, BBC reported. The two airlines, with combined 2009 revenues of 8.5 billion
dollars, would each retain their own brands, but operate under a merged parent
company. TAM is a member of the Star Alliance group of airlines, which includes
BMI, Lufthansa, SAS and Air China. LAN, on the other hand, is a member of the
Oneworld airline alliance, which includes Iberia, British Airways, Qantas and
JAL. | |
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