LAN Airlines and TAM said their respective boards of directors have approved "binding agreements" signed by the carriers to form LATAM Airlines Group, the single holding company that will own them both. The transaction bringing the Chilean and Brazilian companies under one structure (ATW Daily News, Oct. 22, 2010) is expected to close in the next 6-9 months, the carriers said, noting that the formation of LATAM "will produce an airline group that will be among the major 10 ...

Subscribe to Access this Entire Article

"LAN, TAM boards approve 'binding agreements' to form LATAM Airlines Group" 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.