New LAN-TAM parent Latam emerges as a leader globally and a powerful force across South America

Latin American airline groups LAN and TAM have finally completed their historic merger, creating a single powerful group which accounts for about one-third of total capacity in the fast-growing South American market. Latam Airlines Group is the market leader in Brazil, which is by far the largest market in Latin America and one of the four BRIC countries, and in three smaller South American countries - Chile, Peru and Paraguay. Latam is also the second largest player in another three South American markets - Argentina, Colombia and Ecuador.

Latam was formally established on 22-Jun-2012, when the LAN and TAM merger transaction was finally completed, ending a drawn out 22 month process that began in Aug-2010 with the signing of an memorandum of understanding between Latin America's two largest airline groups (by revenue). Trading of Latam shares began on 27-Jun-2012 in New York, Sao Paulo and Santiago as TAM shares were delisted.