Deals
Lan to Seek Global Expansion After Tam Acquisition
This article is for subscribers only.
Chile’s Lan Airlines SA rose to a record after saying it plans to add international commercial routes and expand its freight business to build on its $3.7 billion purchase of Brazil’s Tam SA.
“We will expand into new markets,” Lan’s Chief Financial Officer Alejandro de la Fuente said in a telephone interview after the deal was announced Aug. 13. “There are a lot of opportunities.”