Chile's LAN Airlines and Brazil's TAM said their planned merger under LATAM Airlines Group, expected to be completed by the end of March (ATW Daily News, Dec. 23), will produce even more synergies than previously expected. The carriers last week revised upward from $400 million per year to $600-$700 million annually the value of the synergies expected to result from a merger that will create a mega-airline group controlling more than 40% of Latin America's air passenger ...

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