LAN announced it will seek another partner or explore other options to expand internationally if a Chilean antitrust tribunal rules against its planned merger with Brazil’s TAM (Reuters, 28-May-2011). The proposed merger would create Latin America’s largest carrier and is currently under review from Chile’s antitrust regulator. If the antitrust body rules against the merger, LAN will look for a “second best” partner. “We could start conversations with Gol, although that company may not be available and its international reach is not comparable to TAM’s,” stated LAN COO, Ignacio Cueto.
LAN will seek another partner if TAM deal fails
30-May-2011 12:27 PM