TAM and LAN Airlines entered into a nonbinding memorandum of understanding to merge under a single parent company called LATAM Airlines Group that the carriers said would be "the clear number one player in South America." The combined networks of TAM, LAN and LAN affiliates in Peru, Argentina and Ecuador serve 115 destinations in 23 countries. The combined fleet comprises more than 220 aircraft and the merged workforce would number more than 40,000 employees. In 2009, the ...

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