Can this mean LAN is exiting OW?

Discussion in 'oneworld' started by kyunbit, Jun 12, 2012.  |  Print Topic

  1. kyunbit
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    kyunbit Silver Member

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  2. jbcarioca
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    jbcarioca Gold Member

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    There are a few mistakes here, odd for Bloomberg to make them.
    1) it will not be an airline merger but a holding company, LATAM, that holds both airlines;
    2) The controlling entity is LAN, and a condition of the Chile approval is that both Lan and Tam belong to the same alliance, but not the same one as major competitors. All bets are that they'll stay in OW, where Lan was a founding member, rather than Star, which Tam only joined recently.
    3) He mentions that TAP "may be up for grabs". Bizarre wording. The Portuguese government has been officially trying to unload TAP for some time. Latam has expressed mild interest because Latam does not have really good connections in Europe, BA and IB are it and Lan has not been thrilled with recent cooperation on that score. Buying TAP is appealing because TAP serves nine Brazilian destinations, and Fernando pinto, the CEO, is a Brazilian who was formerly CEO of Varig and is very well-respected. Latam would be pleased to acquire him too.
    4) While there still is a possibility they they could go with someone other than OW, the only suggestion I have heard that there is any possibility of that is in this Bloomberg clip. Bloomberg may have a scoop, but the ignorant comment about TAP makes that seem unlikely.
    5) As for IAG, it is an open secret that BA wants to do all it can to insulate itself from the seemingly intractable problems with LHR saturation and LGW single runway limitations. They are clearly looking for other places to hub for transit passengers in Europe, and MAD is a beginning. LIS would help further with Brazil, just as IB is doing so well for the rest of South America. of course we must remember that neither IB nor TP has made any money for anybody.
     
  3. kyunbit
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    kyunbit Silver Member

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    It is almost confirmed that LATAM is actually entering OW since Avianca/TACA has joined *A today.
     
  4. skyvan

    skyvan Gold Member

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    In regards to holding company, think of it like KLM-AirFrance
    They're still separate airlines, but held under one holding company.

    With AviancaTACA soon to join *A the only place that LATAM could go is to SkyTeam. It is fully possible though (and I've read rumors) that AviancaTACA positioning itself as part of *A is solely an attempt to block LATAM's joining, and that AviancaTACA may eventually join SkyTeam, essentially giving South America to SkyTeam.
     
  5. harvson3

    harvson3 Silver Member

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    Brief update:

    LATAM Airlines to decide in first half 2013 on airline alliance

    LATAM Airlines passenger traffic up 9.1 pct in August



    SANTIAGO, Sept 21 | Fri Sep 21, 2012 10:07am EDT
    (Reuters) - Newly created regional carrier LATAM Airlines Group will decide during the first half of 2013 on its airline alliance, Ignacio Cueto, one of the company's top executives, said on Friday.
    LATAM Airlines, Latin America's largest carrier, is the product of Chilean flagship airline LAN's recent takeover of Brazil's TAM. Following the merger, Ignacio Cueto became LAN Airlines' CEO.
    LAN is a member of the OneWorld alliance, while TAM belongs to Star Alliance.
     

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