Chile’s LAN buys up Brazilian airline to create regional giant

Chile’s LAN buys up Brazilian airline to create regional giant

Lan Airlines, Latin America’s biggest carrier by market value, has agreed to buy Tam in a US$3.7 billion ($5.2 billion) transaction that allows it to expand in Brazil as rising incomes lift demand for leisure travel.Shareholders…

Published Aug 15, 2010.
Read more: The New Zealand Herald

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