TAM announced (21-Dec-2009) it acquired all shares of the capital stock of bankrupt Brazilian regional airline Pantanal Linhas Aéreas SA on 19-Dec-2009. As compensation for the acquisition of such shares, TAM will pay to the sellers the amount of USD7.3 million. [more] The move, subject to regulatory and antitrust approval, will expand TAM's presence in regional markets and increase its portfolio of slots at Sao Paulo Congonhas Airport.
TAM acquires regional airline
22-Dec-2009 11:36 AM