Sao Paulo/Santiago: Brazil's TAM and Chile's LAN announced a proposed merger on Friday that would create Latin America's largest airline and compete for the region's booming demand for passengers and cargo. The new entity, to be named LATAM Airlines Group, will be created via an all-stock transaction worth about $2.7 billion. The combined airline would rank as the world's 11th biggest in terms of passenger traffic with 46 million passengers a year, allowing it to compete globally at a time when...
Full Story: Gulf News
