Americas : Green light for LAN and TAM merger

LAN Airlines S.A. (LAN) and TAM S.A. (TAM) have announced that Chile’s antitrust court, Tribunal de Defensa de la Libre Competencia (TDLC), approved the merger between LAN and TAM.


LAN Airlines S.A. (LAN) and TAM S.A. (TAM)


Americas : Green light for LAN and TAM merger

LAN Airlines S.A. (LAN) and TAM S.A. (TAM) have announced that Chile’s antitrust court, Tribunal de Defensa de la Libre Competencia (TDLC), approved the merger between LAN and TAM. The two South American carriers said in a joint statement that the antitrust court’s resolution is “complex and considers a series of mitigating measures.” As such both companies are currently analysing in depth the implications and impact of the measures imposed by the court. LAN and TAM said they will make a statement on their respective companies’ position regarding the antitrust court’s resolution and mitigating measures “as soon as possible.” Chile-based LAN Airlines serves over 76 destinations around the world through a network that offers full connectivity within Latin America, while also linking the region with North America, Europe and the South Pacific, as well as 93 additional international destinations through its various code share agreements. Currently, LAN and its affiliates operate 125 passenger aircraft while LAN Cargo and its respective affiliates have a fleet of 14 dedicated freighters. Brazil-based TAM and its affiliates, meanwhile, operates direct flights to 45 cities in Brazil and 18 cities in South America, the US and Europe. Through agreements with companies in Brazil and abroad, TAM’s network encompasses a further 92 airports in Brazil and 92 international destinations, including Asia. TAM is also a member of the Star Alliance.