LAN A320. Photo: Courtesy, Airbus. LAN Airlines said it signed a definitive agreement to purchase 98.94% of Colombia's Aires for $12 million in cash and the assumption of $100 million in net liabilities including $18 million of bank debt. In October LAN announced that it would be taking over Colombia's second largest domestic airline, which has a 22% market share (ATW Daily News, Oct. 29). "This transaction will provide the opportunity for an affiliate of LAN to ...

Subscribe to Access this Entire Article

"LAN finalizes acquisition of Colombia's Aires" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.