LATAM

LATAM Airlines Group S.A.

Type	Sociedad Anónima
Traded as	: LAN : LFL
Industry	Aviation
Founded	2012
Headquarters	Santiago, Chile
Key people	Mauricio Rolim Amaro, (Chairman) Enrique Cueto, (CEO)
Products	Passenger flights LATAM Airlines, LATAM Brasil, etc. Cargo activity Aircraft maintenance
Services	Airline Services
Revenue	US$ 12.4 billion (2014)
Net income	US$ 109.7 million (2014)
Number of employees	53,072 (2014)
Subsidiaries	LATAM Brasil LATAM Chile LATAM Colombia LATAM Ecuador LATAM Paraguay LATAM Argentina LATAM Perú
Website	www.latam.com

LATAM Airlines Group S.A. is a South American airline holding company incorporated under Chilean law and headquartered in Santiago, Chile. The group also has offices in São Paulo, Brazil, with subsidiaries in Argentina, Colombia, Ecuador, Paraguay and Peru.

Chile's LAN Airlines and Brazil's TAM Airlines signed a non-binding agreement on 13 August 2010, a binding agreement on 19 January 2011, and papers to close the merger on 22 June 2012, with TAM Airlines shareholders agreeing to the takeover by LAN Airlines. Enrique Cueto, former CEO of LAN, is CEO of LATAM; Mauricio Rolim Amaro, formerly vice-chairman of TAM, became LATAM chairman.

The agreement to establish LATAM was approved by Chilean authorities on 21 September 2011, with 11 restrictions. These include transferring four landing slots at São Paulo-Guarulhos International Airport to competitors interested in operating flights to Santiago de Chile's Comodoro Arturo Merino Benítez International Airport; renouncing membership to either the Oneworld or Star Alliance airline alliance; restricting the increase in capacity on flights between Brazil and Chile; and opening code-share possibilities and fidelity program membership to interested competitors. On 14 December 2011, Brazilian authorities approved the agreement, imposing similar restrictions as Chilean authorities: LATAM would have to choose an alliance by August 2012; and frequencies between São Paulo and Santiago de Chile would have to be reduced. At the time TAM had two pairs of slots while LAN had four, LAN had to relinquish two pairs to competitors interested in using them. On 7 March 2013, LATAM announced its final decision to choose Oneworld as its global airline alliance; as a result TAM left Star Alliance during the second quarter of FY2014 to join Oneworld.