TAM wants to build airport terminals in Brazil and buy TAP among other things.

Discussion in 'Brazil' started by jbcarioca, Apr 25, 2011.  |  Print Topic

  1. jbcarioca
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    jbcarioca Gold Member

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    From O Globo interview yesterday:
    AO PAULO - The merger between TAM and LAN Chile is overdue, said Marco Antonio Bologna, President of the Brazilian holding company, whose main mission is to complete the deal by year's end. The courtship between the two companies began in the year 1990 under the baton of Commander Rolim Amaro, TAM's founder. Rolim always believed in consolidation in the airline industry and under this inspiration TAM is interested in the privatization of TAP, the purchase of a third of regional Trip and willingness to enter in the provision of airports . For the Executive, "the private sector participation in the improvement of airports is 'inevitable'. On the process of merging with LAN, Bologna said he had no now comments.
    - The Court of Defense of Chile banned acts of fusion while not finished its analysis and, at the request of a consumer association, will hold hearings until the end of the month to discuss the repercussions of the operation, mainly in Santiago-SP route. In Brazil, to coincide with the approval of Cade. After that, we have another critical path, which is the approval of non-controlling shareholders of both companies. In the case of TAM, we will make a public offering on the stock exchange so that the minority can exchange shares of TAM for those of Latam, with a favorable exchange ratio, so they will have a windfall. We will ask for approval of 95% of those shareholders who have 54% stake (46% are family Amaro). If they do no approve, the deal will fail - he said.
     
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  2. excelsior
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    excelsior Silver Member

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    Why does TAM always make life so complicated for themselves! All these things should be sorted before they go out announcing mergers And they should focus on running the airline rather than get into civil engineering... fixing their lounge would be good practice for these awesome ambitions though
     
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  3. Eloy Fonseca Neto
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    Eloy Fonseca Neto Silver Member

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    Completely agree with Excelsior!!!
     
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  4. jbcarioca
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    jbcarioca Gold Member

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    I just made the post, but I agree with you both. Five years ago TAM was great IMO, and the GRU lounge was delightful, but the demand has grown exponentially since then with no infrastrastructure improvements.
     

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