Merger of LAN & TAM Airlines to create a large global airline

[jmbklj]

The 2 biggest airlines in Latin America announced plans to merge. This could create a top global airline serving more than a hundred locations. The name of the new airline will be LATAM Airlines.

http://travel.usatoday.com/flights/p.../1?csp=TravelC

[kyshel]

actually the holding company will be LATAM
this is a key statement:
"create a regional airline giant that rivals some of the top global carriers."
as well as this one:
"the deal will allow both carriers to keep flying with their own brands [/B]under the control of a holding company.
and this is paramount to the merger under Brasilian law:
"Under the deal, TAM would continue to operate as a Brazilian company with its own structure."

Thanks for the link.

[bonniejoy03]

WOw...thanks for the update. We will be flying LAN in March. Probably shouldn't be affected.

[jmbklj]

actually the holding company will be LATAM
this is a key statement:
"create a regional airline giant that rivals some of the top global carriers."
as well as this one:
"the deal will allow both carriers to keep flying with their own brands [/B]under the control of a holding company.
and this is paramount to the merger under Brasilian law:
"Under the deal, TAM would continue to operate as a Brazilian company with its own structure."

Thanks for the link.

Ooops, the article explains it well, but I should have said the name of the new company (rather than airline) will be LATAM. Sorry.