LAN’s takeover of Brazilian Tam possible this year


Chilean airline LAN’s takeover of Brazil’s TAM could be completed by the end of this year, chief operating officer Ignacio Cueto said.

Cueto said: “At the end of this year or the beginning of 2012”, on the question about when the deal is going to go through.

Cueto’s brother Enrique, LAN’s CEO, said in June that he expected the company’s takeover of TAM to be finalised by March 2012.

Decisions by two other anti-trust authorities are still pending.