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The Info List - LATAM Airlines Group



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Santiago
Santiago
, Chile
Chile
São Paulo
São Paulo
, Brazil
Brazil

KEY PEOPLE Ignacio Cueto, (Chairman) Enrique Cueto, (CEO)

PRODUCTS Passenger flights LATAM Chile
LATAM Chile
, LATAM Brasil
LATAM Brasil
, etc. Cargo activity Aircraft maintenance

SERVICES Airline
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 Brasil
LATAM Chile
LATAM Chile
LATAM Colombia
LATAM Colombia
LATAM Ecuador
LATAM Ecuador
LATAM Paraguay LATAM Argentina
LATAM Argentina
LATAM Perú
LATAM Perú

WEBSITE www.latam.com

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

CONTENTS

* 1 History

* 1.1 Merger * 1.2 Government approvals * 1.3 Rebranding

* 2 Ownership

* 3 Operations

* 3.1 Subsidiary airlines of LA TAM Airlines
TAM Airlines
Group

* 4 See also * 5 References * 6 External links

HISTORY

MERGER

Chile's LAN Airlines and Brazil's TAM Airlines
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
LATAM
chairman.

GOVERNMENT APPROVALS

The agreement to establish LATAM
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
São Paulo-Guarulhos International Airport
to competitors interested in operating flights to Santiago
Santiago
de Chile's Comodoro Arturo Merino Benítez International Airport
Comodoro Arturo Merino Benítez International Airport
; renouncing membership to either the Oneworld
Oneworld
or Star Alliance
Star Alliance
airline alliance; restricting the increase in capacity on flights between Brazil
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
LATAM
would have to choose an alliance by August 2012; and frequencies between São Paulo
São Paulo
and Santiago
Santiago
de Chile
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
LATAM
announced its final decision to choose Oneworld
Oneworld
as its global airline alliance; as a result TAM left Star Alliance
Star Alliance
during the second quarter of FY2014 to join Oneworld.

REBRANDING

In August 2015 it was announced that all LATAM
LATAM
Airline
Airline
Group airlines would fully rebrand as LATAM, with one unified livery to be applied on all aircraft by 2018. The first of these aircraft were repainted (or delivered new) in a new LATAM
LATAM
livery in April 2016.

LA TAM Airlines
TAM Airlines
Group is currently working on the rebranding process, which is expected to be completed by 2019. Changes are becoming gradually more evident in physical spaces, on aircraft, at business offices, airport service counters, web sites, uniforms among others. Some changes are already in place, mainly in passenger travel experiences, such as the new cabin interiors which have been incorporated into the fleet, new VIP lounges in São Paulo
São Paulo
and Santiago
Santiago
currently open to the public and forming part of the largest network of frequent flyer lounges in the region, and digital platforms such as the onboard entertainment system for mobile devices.

OWNERSHIP

The company's shareholder structure as of 31 March 2017 is:

SHAREHOLDER PERCENTAGE

Cueto Group 28%

Administradoras de Fondos de Pensiones (AFP) 20%

Qatar
Qatar
Airways 10%

Foreign investors 10%

Eblen Group 6%

Bethia Group 6%

American depositary receipts (ADR) 5%

Amaro Group 3%

Others 12%

OPERATIONS

A LATAM Chile
LATAM Chile
Boeing 787-9 Dreamliner at John F. Kennedy International Airport in July 2016.

As of December 2016, LA TAM Airlines
TAM Airlines
Group is one of the largest airline groups in the world in terms of network connections, with its subsidiaries operating a combined fleet of 319 aircraft providing passenger transport services to 133 destinations in 23 countries; and 15 aircraft providing cargo services to 149 destinations in 28 countries.

LATAM’s main hubs are Santiago
Santiago
de Chile's Comodoro Arturo Merino Benítez International Airport , Jorge Chávez International Airport in Lima, São Paulo–Guarulhos International Airport
São Paulo–Guarulhos International Airport
and El Dorado International Airport in Bogotá. The company is exploring the creation of a new hub in northeastern Brazil
Brazil
with the objective of expanding operations between Europe and South America. Bogota was recently announced as the new hub for the Caribbean.

SUBSIDIARY AIRLINES OF LATAM
LATAM
AIRLINES GROUP

A LATAM Brasil
LATAM Brasil
Airbus A320neo
Airbus A320neo
at Salgado Filho International Airport in 2016. A LATAM Brasil
LATAM Brasil
Airbus A350-900 at Toulouse Blagnac International Airport in 2016.

The airlines majority- and minority-owned by LA TAM Airlines
TAM Airlines
Group through the primary airlines' various subsidiaries are as follows:

* Chile: LATAM Chile
LATAM Chile

* Argentina: LATAM Argentina
LATAM Argentina
* Chile: LATAM
LATAM
Cargo Chile
Chile
* Chile: LATAM
LATAM
Express * Colombia: LATAM Colombia
LATAM Colombia
* Colombia: LATAM
LATAM
Cargo Colombia
Colombia
* Ecuador: LATAM Ecuador
LATAM Ecuador
* Mexico: LATAM
LATAM
Cargo Mexico
Mexico
* Peru: LATAM Perú
LATAM Perú

* Brazil: LATAM Brasil
LATAM Brasil

* Brazil: LATAM
LATAM
Cargo Brasil * Paraguay: LATAM Paraguay

SEE ALSO

* List of airline holding companies

* Chile
Chile
portal * Brazil
Brazil
portal * Aviation
Aviation
portal * Companies portal

REFERENCES

* ^ " LATAM
LATAM
- Board of Directors". latamairlinesgroup.net. Retrieved 15 May 2017. * ^ A B C "LA TAM Airlines
TAM Airlines
Group SA FY". Google. Retrieved 2011-05-26. * ^ Webber, Jude; Lemer, Jeremy (15 August 2010), "LatAm airlines join consolidation trend", Financial Times, retrieved 16 August 2010 * ^ Sobie, Brendan (13 August 2010), "LAN and TAM to merge", Flight International, retrieved 14 August 2011 * ^ "Contact." LA TAM Airlines
TAM Airlines
Group. Retrieved on 25 January 2013. "Contact Pdte. Riesco 5711, 20th floor Las Condes Santiago, Chile