LATAM Airlines Group
|Traded as||BCS: LAN
BM&F Bovespa: LATM11
|Mauricio Rolim Amaro, (Chairman)
Enrique Cueto, (CEO)
|Products||Passenger flights LAN Airlines, TAM Airlines, etc.
|Revenue||US$ 10.0 billion (2012)|
|US$ 11.0 million (2012)|
Number of employees
LATAM Airlines Group S.A. is a Latin American airline holding company incorporated under Chilean law with its headquarters at Las Condes, Santiago Metropolitan Region, Chile. The group has offices in Pudahuel, Santiago, and in São Paulo, Brazil, with subsidiaries in Argentina, Colombia, Ecuador, Paraguay and Perú.
The airlines signed a non-binding agreement on 13 August 2010, a binding agreement on 19 January 2011, and papers to close the merger on 22 June 2012, with TAM shareholders agreeing to the takeover by LAN. Enrique Cueto, former CEO of LAN, is CEO of LATAM; Mauricio Rolim Amaro, formerly vice-chairman of TAM, is chairman.
The two airlines fly with separate liveries and certificates, a policy to be continued in the short term, but expect substantial synergies from merging their operations. However, in August 2015 it was announced that the two airlines would fully rebrand as LATAM, with one livery to be applied on all aircraft by 2018.
LATAM's competitors on the South American continent are: Synergy Group's Avianca Holdings; Copa Airlines; Gol Airlines; and Azul Airlines. LATAM is not an airline alliance, but is rather more akin to airline holding companies such as International Airlines Group and Air France-KLM.
The agreement to establish LATAM was approved by Chilean authorities on 21 September 2011, with 11 restrictions. These include transferring four landing slots at São Paulo-Guarulhos International Airport to competitors interested in operating flights to Santiago de Chile's Comodoro Arturo Merino Benítez International Airport; renouncing membership to either the Oneworld or Star Alliance airline alliance; restricting the increase in capacity on flights between Brazil and Chile; and opening code-share possibilities and fidelity program membership to interested competitors. On 14 December 2011, Brazilian authorities approved the agreement, imposing similar restrictions as Chilean authorities: LATAM would have to choose an alliance by August 2012; and frequencies between São Paulo and Santiago de Chile would have to be reduced. At the time TAM had two pairs of slots while LAN had four, LAN had to relinquish two pairs to competitors interested in using them. On 7 March 2013, LATAM announced its final decision to choose Oneworld as its global airline alliance; as a result TAM left Star Alliance during the second quarter of FY2014 to join Oneworld.
At the end of 2012, the combined Fleet consisted of 327 aircraft passenger and cargo aircraft. For the same year, LATAM carried a total of 65 million passengers.
Subsidiary airlines of LATAM
The airlines majority and minority owned by LATAM Group through the primary airlines' various subsidiaries are as follows:
- Chile: LAN Airlines
- Brazil: TAM Airlines
- "LATAM Airlines Group SA FY". Google. Retrieved 2011-05-26.
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- Sobie, Brendan (13 August 2010), "LAN and TAM to merge", Flight International, retrieved 14 August 2011
- "Contact." LATAM Airlines Group. Retrieved on 25 January 2013. "Contact Pdte. Riesco 5711, 20th floor Las Condes Santiago, Chile "
- "TAM and LAN announce binding agreement". TAM Linhas Aéreas. 19 January 2011. Retrieved 14 August 2011.
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- "LAN and TAM to operate as LATAM with a new livery" retrieved 9 August 2015
- "LATAM's entire fleet to have new livery by 2018" retrieved 9 August 2015
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- "About Us". Latam Airlines Group. Retrieved 2014-01-25.
- "LAN to buy Colombia's Aires for $32.5 million". ATW Online. 28 October 2010. Retrieved 14 August 2011.