LAN, TAM Merger To Be Completed Nine Months
By Darren Shannon
The boards of directors at Chile’s LAN Airlines and Brazilian operator TAM have backed a binding agreement that, if approved by shareholders and regulators, will create one of the world’s largest carriers as early as August.
Under the plan unveiled Jan. 19, LAN Airlines eventually will assume a controlling role within the new holding company, as well as the new name Latam Airlines, while ...
