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TAM shares jump as LAN Airlines extends share swap
June 12, 2012 / 1:43 PM / 5 years ago

TAM shares jump as LAN Airlines extends share swap

A plane from TAM Airlines flies over Fortress Sao Luis after leaving Santos Dumont airport in Rio de Janeiro September 28, 2011. REUTERS/Sergio Moraes

SAO PAULO (Reuters) - Shares of Brazilian airline TAM TAMM4.SA jumped as much as 9 percent in early Tuesday trading after Chile’s LAN Airlines LAN.SN extended a share swap as part of a takeover of TAM to form Latin America’s largest airline.

Reporting by Brad Haynes; editing by John Wallace

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