LAN A320. Photo: Courtesy, Airbus. The prospective LAN Airlines/TAM merger, if it is cleared by both companys' shareholders and relevant regulators, will create a new airline company that aims to be the dominant operator in Latin America and a formidable presence on the world stage, with a major battle over alliance membership likely on tap. The all-stock transaction, which the airlines aim to complete in the first half of next year, is valued at $3.7 billion and would create a ...

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