Key Developments: Latam Airlines Group SA (LFL)

LFL on New York Consolidated

15.20USD
23 Apr 2014
Price Change (% chg)

$0.02 (+0.13%)
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$15.18
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Latest Key Developments (Source: Significant Developments)

LATAM Airlines Group SA announces further details on capital increase-Reuters
Friday, 10 Jan 2014 11:11am EST 

LATAM Airlines Group SA (LATAM):LATAM Airlines Group SA raised on Jan. 10 $156 million by selling shares that were not snapped up in a recent offering intended to increase capital-Reuters.The company offered 10.3 million shares in a local auction.That means LATAM has raked in a total of $940 million to help finance its investment plan.LATAM had had a preferential capital increase period that wrapped up in Dec. 2013 that took in $784 million, but this amount fell short of $1 billion the company was seeking to raise.  Full Article

LATAM Airlines Group SA’s LAN Colombia And TAM Airlines Join oneworld
Tuesday, 1 Oct 2013 07:46am EDT 

LATAM Airlines Group SA announced that on October 1, 2013 LAN Colombia, a unit of the Company, officially joined oneworld, offering the global airline alliance a full range of services. The Company also announced that its another unit, TAM Airlines (TAM), reported that it will join oneworld as of March 31, 2014. TAM’s entry into the alliance complements oneworld with the carrier in Brazil. The addition of these two airlines will establish oneworld as the alliance for flights within Latin America and between the region and both the United States and Europe.  Full Article

Canada Fines LATAM Airlines Group SA CAD 975,000 For Cargo Price-Fixing-Reuters
Tuesday, 20 Aug 2013 03:57pm EDT 

Reuters reported that a Canadian court fined LATAM Airlines Group SA CAD 975,000 (USD 938,000) after the carrier admitted taking part in an air cargo price-fixing cartel. The Airline's guilty plea related to fuel surcharges it imposed on international air cargo shipments from Canada to South America and elsewhere between March 2003 and February 2006. The Company is the ninth to be convicted as part of a Canadian investigation into cargo price-fixing that has resulted in fines of more than CAD 25 million so far.  Full Article

LATAM Airlines Group SA Names New Chief Financial Officer
Tuesday, 11 Jun 2013 07:53pm EDT 

LATAM Airlines Group SA and its subsidiaries announced that as of August 2013, Mr. Andres Osorio will become the new Chief Financial Officer of the Company, replacing Mr. Alejandro de la Fuente, who has held this position for the last 18 years.  Full Article

LATAM Airlines Group SA Announces Share Capital Increase
Tuesday, 11 Jun 2013 06:10pm EDT 

LATAM Airlines Group SA announced that the shareholders, at the Extraordinary Shareholders’ Meeting held on June 11, 2013, approved a share capital increase in the amount of USD 1,000,000,000 through the issuance of 63,500,000 ordinary shares.  Full Article

AerCap Holdings N.V. Enters Into USD2.6 Billion Purchase And Leaseback Agreement With LATAM Airlines Group For 25 Widebody Aircraft
Wednesday, 29 May 2013 09:45am EDT 

AerCap Holdings N.V. announced that it has entered into a $2.6 billion purchase and leaseback agreement with LATAM Airlines Group (LATAM) for 25 widebody aircraft, with deliveries scheduled between 2013 and 2017. The aircraft consist of nine new Airbus A350-900s, four new Boeing 787-9s, and two new Boeing 787-8s from LATAM's order backlog, and ten Airbus A330-200s with an average age of four years. The appraised value of the 25 aircraft is approximately $3 billion. AerCap will purchase the aircraft from LATAM Airlines Group and immediately lease them back to LATAM. AerCap expects to finance the aircraft with a combination of funding from the capital markets, the bank markets, and its existing warehouse facility.  Full Article

LATAM Airlines Group SA Announces Further Details on Final Dividend Payment
Friday, 17 May 2013 04:50pm EDT 

LATAM Airlines Group SA announced that, following information disclosed to the market on May 6, 2013, the final net value of dividend will be of BRL 0.008874548289 per Brazilian Depositary Receipts (BDR), corresponding to USD 0.00437845178 per BDR. Record date for holders of BDRs is May 7, 2013. Ex-BDR date is May 8, 2013.  Full Article

LATAM Airlines Group SA Announces Final Dividend Payment
Tuesday, 7 May 2013 07:50am EDT 

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
Tuesday, 30 Apr 2013 05:34pm EDT 

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
Monday, 29 Apr 2013 07:07pm EDT 

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

LATAM Airlines says passenger traffic up 1.6 pct in March

SANTIAGO, April 11 - LATAM Airlines Group SA , Latin America's largest carrier, said on Friday that total passenger traffic rose 1.6 percent in March year over year.

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