About the company
LATAM Chile is an airline based in Santiago, Chile, and is one of the founders of LATAM Airlines Group, Latin America’s largest airline holding company.
LAN Airlines was the flag carrier of Chile until its privatization in the 1990s is the predominant airline in Chile and Peru, and the second-largest carrier in Argentina, Colombia, and Ecuador, through its local subsidiaries. LAN is one of the largest airlines in Latin America, serving Latin America, North America, the Caribbean, Oceania, and Europe. The carrier has been a member of the Oneworld airline alliance since 2000.
LATAM Airlines Group was formed after the takeover by LAN of Brazilian TAM Airlines, which was completed on June 22, 2012. In August 2015, it was announced that the two airlines would fully rebrand as LATAM, with one livery to be applied on all aircraft by 2018. Currently, LAN and TAM continue to work as separate companies, under a common executive management. LATAM Airlines Group is currently the largest airline conglomerate in Latin America.
The company operates through two segments, Air Transportation; and Coalition and Loyalty Program Multiplus. It provides passenger transport services to approximately 150 destinations in 22 countries and cargo services to approximately 169 destinations in 27 countries with a fleet of 310 aircraft.
LATAM Airlines Group:
On August 13, 2010, LAN signed a non-binding agreement with Brazilian airline TAM Airlines to merge and form the LATAM Airlines Group. The merger was completed on June 22, 2012. The Administrative Council of Economic Defense of Brazil and the Tribunal de Defensa de la Libre Competencia approved the merger subject to mitigation measures. The airlines have to surrender four daily São Paulo–Guarulhos International Airport slot pairs to other airlines willing to fly the Santiago-São Paulo route, to give up membership in either Star Alliance or Oneworld, and to interline deals with other airlines that operate selected routes, among other provisions.