Merger Reshapes Latin American Air Market – The Wall Street Journal.
June 23, 2012 Leave a comment
Merger Reshapes Latin American Air Market
http://online.wsj.com/article/SB10001424052702304898704577482533106572416.html
SÃO PAULO—Airline consolidation took another step forward Friday with the stock-swap takeover of Brazilian airline TAM SA TAM +0.34%by Chile’s LAN Airlines SA, LFL +1.36%creating South America’s largest carrier by traffic, with an estimated market capitalization of $13 billion, the largest of any airline in the world.

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