LAN expects Chilean regulator to clear merger with TAM

Discussion in 'LAN | LANPASS' started by sobore, Jun 7, 2011.  |  Print Topic

  1. sobore
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    sobore Gold Member

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    http://atwonline.com/international-...pects-chilean-regulator-clear-merger-tam-0606

    LAN CEO Enrique Cueto said he expects Chilean antitrust tribunal TDLC to complete its investigation into the merger between LAN and TAM under LATAM Airlines Group and approve the deal by the middle of July, enabling the transaction to close before the end of 2011 (ATW Daily News, March 21).
    Speaking at the oneworld briefing at the IATA AGM in Singapore, Cueto said that if the anticipated ruling is appealed to the country’s high court, it could take another three months, pushing the closing into 2012.
    Cueto told media that LAN has offered significant concessions on the Santiago-Sao Paulo route, where the carriers have a combined 90% share. LAN has offered to raise capacity 10% per annum over the next five years while lowering fares 10% each year as well. It is also offering airport slots to potential new entrants as well as interline and frequent flyer reciprocity.
     
  2. SC Flier
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    SC Flier Gold Member

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    After merger, will passengers be "on the LAM"?
     
    druiddation likes this.

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