Chile’s LAN Airlines S.A. and TAM S.A. of Brazil continue preparations for their planned merger to create Latin America’s leading operator and one of the world’s largest airlines, while at the same time appealing conditions imposed by Chile’s antitrust court.
After a difficult year in 2003, Brazil’s largest executive charter company, TAM Taxi Aéreo Marília, saw better times last year, when its revenues increased to Real 105 million ($39.4 million)–up 15 percent from the previous year–with help from a recovery in the local economy. The increase in revenues was a result of growing demand on all fronts, including maintenance, aircraft sales and executive charter.
Táxi Aéreo Marília (TAM) plans to transfer nearly all of its maintenance activity from São Paulo Congonhas Airport, Brazil, to the nearby Jundiaí Airport, where the company has already begun building a new hangar. The new facility is scheduled to open in midyear.