LATAM Airlines Group
||It has been suggested that LATAM (airline) be merged into this article. (Discuss) Proposed since October 2015.|
|Traded as||BCS: LAN
|Mauricio Rolim Amaro, (Chairman)
Enrique Cueto, (CEO)
|Products||Passenger flights LAN Airlines, TAM Airlines, etc.
|Revenue||US$ 12.4 billion (2014)|
|US$ 109.7 million (2014)|
Number of employees
LATAM Airlines Group S.A. is a South American airline holding company incorporated under Chilean law and headquartered in Santiago, Chile. The group also has offices in São Paulo, Brazil, with subsidiaries in Argentina, Colombia, Ecuador, Paraguay and Peru. LATAM Airlines is the resulting corporation from the merger of LAN Airlines and TAM Airlines.
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. The first of these aircraft were repainted (or delivered new) in a new LATAM livery in April 2016.
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 310 passenger and cargo aircraft. For the same year, LATAM carried a total of 65 million passengers.
The company's shareholder structure as of March 31 is:
Subsidiary airlines of LATAM
The airlines majority and minority owned by LATAM Group through the primary airlines' various subsidiaries are as follows:
- Chile: LATAM Chile
- Brazil: LATAM Brasil
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