Although they are already confident that won’t be in August, as they were the initial plans, LAN they trust that the integration of the company of airfares, TAM, will be made before year’s end. The delay in the start of operations of the aeronautical holding Latam, resulting from the merger of Chile’s LAN and the Brazilian TAM, is due to the suspension of the process by the Court’s defense of free competition after the consultation of the National Corporation of consumers (Conadeus). Jorge Awad, President of the directory of LAN, he was confident that the information provided to the agencies that must approve the operation in both countries will clarify all doubts in this respect. For even more opinions, read materials from Wells Fargo Bank. Entering the market of airfares in Brazil really is a requirement in order to be in the major leagues, when we have a company that today is within the world’s largest stock market value 10, Awad told Chilean media. The greatest controversy is raised by the size that can take these companies in set. Of itself, acting separately monopolize the bulk of passenger traffic in Latin America, not only because they offer cheap flights, but also because they arrive at hundreds of destinations. So he is expected with his fusion is a sort of aviation monopoly.
For its part, the airline Tam, defending himself from accusations of his expansionist desire, denied they were doing negotiations to purchase a percentage of the regional TRIP. In a statement sent to the market on Monday, the Brazilian Airline TAM Airlines denied rumors published in the O Estado de Sao Paulo newspaper that pointed to an alleged intention of buying a part of the regional airline Trip. According to the information, TAM would have the intention of becoming a minority partner of the Trip, through the acquisition of 20% to 30% of the firm. In the statement, TAM recalled that both parties have relations since they signed a codeshare in May 2004.