Chile’s LAN, Brazil’s TAM complete merger

LATAM Airlines Group now Latin America's largest carrier

Added by on July 4, 2012
Saved under Airlines & Aviation, Brazil, Chile, News, Transportation
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LAN and TAM complete merger to launch LATAM Airlines (via AFP)

Chile’s LAN Airlines said Friday it has completed its takeover of Brazilian airline TAM, creating Latin America’s biggest airline, LATAM Airlines Group. The deal, which began in May, concluded after 99.9 percent of TAM shareholders exchanged their shares of the company for those of LAN, at a rate of…

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