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LAN to acquire Aires, and plans to, as LATAM, to double fleet by 2018!

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  • LAN to acquire Aires, and plans to, as LATAM, to double fleet by 2018!

    Lan Airlines SA, Latin America’s biggest carrier by market value, agreed to buy Colombia’s Aerovias de Integracion Regional SA in a $32.5 million deal.

    Lan Airlines will acquire 99 percent of the airline known as Aires through the purchase of its controlling shareholders, it wrote in a statement posted today on the website of Chile’s securities regulator.

    Lan Airlines, which is expanding in Latin America as regional passenger and cargo traffic recovers, plans to invest $7.72 billion through 2018 to more than double its fleet and agreed to buy Brazil’s Tam SA on Aug. 13. Aires, the second- largest operator in Colombia’s domestic market, would be become part of LATAM Airlines, the company to be formed from the Lan- Tam tie-up.

    http://www.bloomberg.com/news/2010-1...lion-deal.html
    Well, damn. LAN is doing quite well for themselves. Here's to prayers that LATAM stays with OneWorld...
    Whatever is necessary, is never unwise.
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