LAN/TAM merged group could double fleet in decade

Sun Nov 20, 2011 10:34am EST

SANTIAGO, Nov 20 (Reuters) - The Latin American airline
colossus to be formed via Chilean carrier LAN's 
takeover of Brazil's TAM could boost its fleet to as
many as 500 aircraft within a decade, a top executive said in
an interview published on Sunday.
    Mauricio Amaro, who is currently vice president of TAM and
is set to become chairman of the LATAM Group that LAN and TAM's
tie-up will form, also told Chilean newspaper El Mercurio he
hoped the group could be flying to Asia within 10 years.
    "It's difficult to say how many planes (we will have in 10
years), but it is feasible to double our fleet within that time
frame to some 450 to 500 aircraft," Amaro said.
    "We could certainly also be flying to Asia by then, which
today is not feasible."LAN and TAM said last month they had started to define the
corporate structure of the group they will merge to create one
of the world's largest airlines.. They hope
that will be complete by the end of the first quarter of next
year.
    In Brazil, the multibillion-dollar deal to create the new
LATAM Airlines Group has already cleared two of three
anti-monopoly hurdles and remains subject to approval from
antitrust council Cade.
    Chile's antitrust tribunal TDLC approved the transaction in
September, clearing a major hurdle, but imposed 11 conditions,
three of which LAN has appealed to the Supreme Court.
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