TAM News

TAM To Cut Fleet As Air Traffic Slows

February 1, 2012

Brazil's largest airline TAM is cutting back its fleet and focusing on the profitability of existing routes as it sees 2012 air traffic growth slowing to half of last year's pace.
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TAP Passenger Numbers Up 7 Pct In 2011

January 4, 2012

TAP, Portugal's flag carrier, said passenger numbers rose 7 percent last year to 9.75 million, a record.
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TAM Shareholders OK LAN Takeover Swap Ratio

January 3, 2012

Shareholders of Brazilian airline TAM agreed to the terms of a stock swap central to a takeover by Chilean rival LAN Airlines that would form Latin America's biggest airline.
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LAN Airlines Shareholders OK TAM Takeover

December 21, 2011

Chile's LAN Airlines shareholders approved the company's planned takeover of Brazil's TAM on Wednesday, rubber-stamping the creation of one of the world's largest carriers.
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Brazil Approves LAN's Takeover Of TAM

December 14, 2011

Brazil's antitrust agency, Cade, on Wednesday approved the takeover of local airline TAM by Chile's LAN Airlines with some conditions, allowing the companies to form Latin America's largest carrier.
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LAN, TAM Merger Clear For Takeoff - Source

December 13, 2011

The merger between Chilean airline LAN and Brazilian counterpart TAM is likely to win approval with restrictions from Brazil's antitrust agency Cade, a high level official in the regulator said on Monday.
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TAM Should Have Fought Gol Sooner - Report

November 21, 2011

Brazilian airline TAM was too slow in responding to its rival Gol's surging share of domestic air traffic, one of the company's controlling shareholders said in an interview with newspaper Valor Economico.
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LAN/TAM Group Could Double Fleet In Decade

November 21, 2011

The Latin American airline group to be formed via Chilean carrier LAN's takeover of Brazil's TAM could boost its fleet to 500 aircraft within a decade, a senior executive said in an interview published on Sunday.
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TAM Posts USD$348 Mln Quarterly Loss

November 10, 2011

Brazilian airline TAM posted a third-quarter net loss of BRR620 million reais (USD$348 million) on Thursday, compared with a BRR734 million reais profit a year earlier.
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LAN, TAM Define Merged Structure

October 31, 2011

Chilean airline LAN and Brazil's TAM said on Friday they had started to define the corporate structure of the group they will merge to create one of the world's largest airlines.
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