Chile´s flag carrier LAN and Brazil´s TAM to Merge Next Year

Chile´s flag carrier LAN expects merger with Brazil´s TAM to clear regulatory hurdles and take flight in mid next year.

The fusion of LAN and TAM would make it the largest airline in Latin America with an equity value of 14.5 billion dollars and 6% of all world air transport.
The proposed name for the new airline is LATAM and would fly passengers to 115 destinations in 23 different countries.