LAN and TAM one step closer

THE merger between Brazil’s TAM Airlines and Chilean LAN Airlines has been approved by Chile’s antitrust court.

The court’s complex resolution has prompted both companies to analyse the implications and impact of the measures imposed by the court.

During the second quarter LAN cargo earnings rose 26.3 per cent to US$406.5 million. The carrier signed a deal in June to buy 20 A320 aircraft worth around $1.7 billion for delivery in 2017-2018, as part of its fleet renewal and expansion plan.

Also in June LAN Cargo and its Brazilian affiliate ABSA proposed $66 million to settle price-fixing conspiracy claims in the US.

A month earlier, TAM added cargo capacity between London (UK) and Rio de Janeiro (Brazil) by doubling its direct overnight non-stop services.

Share this story

Related Topics

Latest news

Envirotainer and Unilode expand partnership to support vaccine distribution

By Rachelle Harry

Ahead of the launch of Covid-19 vaccines, pharma container company Envirotainer has broadened its partnership with ULD management and repair…

Read More

Share this story

Bolloré Logistics: Seeking continuity

By Rachelle Harry

This interview appears in the December 2020 issue of Air Cargo News. Click here to read the full issue. Continuity…

Read More

Share this story

Delta appoints VP cargo

By Rachelle Harry

Delta has appointed a new vice president of cargo as it moves its airfreight business to sit on its commercial…

Read More

Share this story