14 December 2011 Last updated at 23:24 GMT Share this pageEmail Print Share this page

ShareFacebookTwitter.Latin America's biggest airline LATAM is approved
TAM and LAN together will fly to 115 destinations in 23 countries Continue reading the main story
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The merger of two major Latin American airlines has been approved, creating the largest carrier in the region.

Brazil's anti-trust authorities said they approved the merger of the Brazilian airline TAM with Chile's LAN, first proposed in 2010.

The new airline, LATAM, is valued at about $14.5bn (£9.4bn) and will represent 6% of global air transport.

Last year, TAM and LAN flew more than 45 million passengers and 754,777 tonnes of cargo.

The combined airline would fly to 115 destinations in 23 countries, with a 40,000-strong workforce.

Chile's anti-trust authorities had already approved the merger but had set 11 conditions, including fewer flights to the Peruvian capital, Lima.

Brazil's body also set some conditions, including a reduction in the number of flights between Sao Paulo and Santiago and that the two airlines join a single international body.

TAM is a member of the Star Alliance group of airlines, which includes BMI, Lufthansa, SAS and Air China.

14 December 2011 Last updated at 23:24 GMT Share this pageEmail Print Share this page

ShareFacebookTwitter.Latin America's biggest airline LATAM is approved
TAM and LAN together will fly to 115 destinations in 23 countries Continue reading the main story
Related Stories
Brics nations mark 10th birthday
Brazil: America's Only BRIC
South American airlines to merge
The merger of two major Latin American airlines has been approved, creating the largest carrier in the region.

Brazil's anti-trust authorities said they approved the merger of the Brazilian airline TAM with Chile's LAN, first proposed in 2010.

The new airline, LATAM, is valued at about $14.5bn (£9.4bn) and will represent 6% of global air transport.

Last year, TAM and LAN flew more than 45 million passengers and 754,777 tonnes of cargo.

The combined airline would fly to 115 destinations in 23 countries, with a 40,000-strong workforce.

Chile's anti-trust authorities had already approved the merger but had set 11 conditions, including fewer flights to the Peruvian capital, Lima.

Brazil's body also set some conditions, including a reduction in the number of flights between Sao Paulo and Santiago and that the two airlines join a single international body.

TAM is a member of the Star Alliance group of airlines, which includes BMI, Lufthansa, SAS and Air China.

Meanwhile LAN is a member of the Oneworld airline alliance, which includes Iberia, British Airways, Qantas and JAL.



Meanwhile LAN is a member of the Oneworld airline alliance, which includes Iberia, British Airways, Qantas and

Great news for DR

s.

Victory for the Free Market!


BTW Lan is one of my Favorite Airlines

Kool............. It is about time we get a Latin American power house to compete against the big ones.

nice to have you back, Texasshoe. a happy festive season to you, and yours.

I like this site - it is good to have discussion with intelligent people although views differ.
Seasonal good wishes to all.
No two peoples life experiences are the same.

S.