Key Developments: Latam Airlines Group SA (LFL)
19.28USD
17 May 2013
$-0.29 (-1.48%)
$19.57
$19.53
$19.63
$19.16
552,257
432,774
$28.99
$19.16
Latest Key Developments (Source: Significant Developments)
LATAM Airlines Group SA Announces Final Dividend Payment
LATAM Airlines Group SA announced that on April 29, 2013 it approved the payment of final dividend at the gross value of USD 0.00680 per share to be made on May 17, 2013 to shareholders on record as of May 7, 2013. Ex-dividend date is May 8, 2013. Full Article
LATAM Airlines Group SA To Propose Share Capital Increase
LATAM Airlines Group SA announced that on April 30, 2013 its Board of Directors agreed to submit to the shareholders for approval a share capital increase in the amount of USD 1,000,000,000. The Extraordinary Shareholders’ Meeting will be held on June 11, 2013. Full Article
LATAM Airlines Group SA Announces FY 2012 Dividend Payment
LATAM Airlines Group SA announces that it has decided to distribute a dividend payment for fiscal year 2012 at a total value of USD 3,288,125.17 for 483,547,819 shares, at the value of 0.00680 per share to be paid on May 17, 2013 for the shareholders on record on May 11, 2013. Full Article
Finnair Oyj Announces LATAM Airlines Group SA to Join oneworld Alliance
Finnair Oyj announced that Brazil's TAM Airlines and LAN Colombia join the oneworld alliance, as the LATAM Airlines Group SA on March 8, 2013 confirmed its selection of oneworld as the global alliance for all its passenger airlines. Brazil’s TAM Airlines will leave the Star Alliance to join oneworld, along with its Paraguay subsidiary. Their transition is expected to be completed during the second quarter of 2014. LAN Colombia, the latest part of LAN, will join oneworld as an affiliate member, in the fourth quarter of 2013. After the transition is complete, Finnair Plus members and the frequent flyer cardholders of oneworld’s other member airlines will be able to earn and redeem rewards when flying on TAM and LAN Colombia. TAM’s network will also be covered by oneworld’s range of alliance fares. LATAM Airlines Group and its airlines will work with Star and oneworld to ensure a seamless transition for customers. Full Article
LATAM Airlines Group SA Announces Subscription For Shares Under Share Capital Increase; Announces Placement Of Shares
LATAM Airlines Group SA announced that on December 20, 2012 its Board of Directors approved the preferential option period for the subscription of 7,436,816 shares, issued by the Company, under a share capital increase, at a price of CLP 11,000 per share, effective on December 21, 2012. It also proceeded with the placement of a total of 2,951,390 shares, at a price of CLP 11,000 per share, effective on December 21, 2012. Full Article
LATAM Airlines Group SA Announces Change of Chairman of the Board of Directors
LATAM Airlines Group SA announced that on August 3, 2012, Mr. Jorge Awad Mehech resigned from the position of Chairman of the Board of Directors, maintaining at the same time the post of Member of the Board of Directors. Mr. Mauricio Rolim Amaro has been appointed as the Company's new Chairman. Full Article
LATAM Airlines Group SA Starts Trading on BM&FBovespa in Context of Merger with TAM SA-BM&FBovespa
BM&FBovespa announced that, following the merger with TAM SA, shares of LATAM Airlines Group SA (Lan Airlines SA) will start trading on the stock exchange as from June 25, 2012 under the ticker LATM11. Shares will be quoted in BRL per Unit with the trading lot of 100 Brazilian Depositary Receipts (BDRs) Full Article
LATAM Airlines Group SA and TAM SA Conclude Merger; Announce Chairman and CEO of LATAM Airlines Group SA
TAM SA (TAM) and LATAM Airlines Group SA (LAN Airlines SA) announced that they have completed the exchange offer and mergers through which they have combined their businesses and created the LATAM Airlines Group SA. As for the corporate structure, Mr. Mauricio Rolim Amaro, Vice Chairman of TAM, will become Chairman of LATAM Airlines Group SA. Mr. Enrique Cueto, Executive Vice President-CEO of LAN Airlines SA, will become Executive Vice President-CEO of LATAM Airlines Group SA. Mr. Ignacio Cueto, President and Chief Operating Officer of LAN Airlines SA, will become CEO of LAN Airlines SA. Full Article
LAN Airlines SA Announces Further Details On Merger With TAM SA; Changes Name
LAN Airlines SA (LAN) announced that the process of exchange of shares will take place automatically in the register of the shareholders of LAN on June 22, 2012 and the payment of the Exchange Offer will occur with the delivery abroad of the respective BDRs and ADRs of LAN on June 27, 2012 to the shareholders of TAM SA who accepted the Exchange Offer. LAN also announced that on June 22, 2012 it changed its name into LATAM Airlines Group SA. Full Article
TAM SA and LAN Airlines SA Conclude Public Offering for Exchange of TAM's Shares and Its Subsequent Delisting
TAM SA (TAM), LAN Airlines SA and Holdco II SA announced that, following the information disclosed to the market on May 10, 2012, on June 22, 2012 ended public offering aimed for the exchange of TAM's shares aimed at cancellation as a public company of Level Two of the Corporate Governance (Nivel 2 de Governanca Corporativa) of BM & FBOVESPA. Full Article
UPDATE 1-LATAM Airlines Argentina unit halts ops until Saturday on provider woes
SANTIAGO, May 17 - LATAM Airlines Group SA said its Argentina unit was halting all of its flights in the country until 1330 GMT on Saturday after a state company unilaterally decided to stop providing services to the airline.
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