South American carriers LAN Airlines and TAM SA have signed the binding agreements between both companies and their respective controlling shareholders, in line with the joint venture memorandum of understanding signed on August 13, 2010. The transaction still is subject to approval of Agência Nacional de Aviação Civil of Brazil and other relevant government authorities.
LAN, TAM sign agreement
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Thursday, 20 January 2011
South American carriers LAN Airlines and TAM SA have signed the binding agreements between both companies and their respective controlling shareholders, in line with the joint venture memorandum of understanding signed on August 13, 2010. The transaction still is subject to approval of Agência Nacional de Aviação Civil of Brazil and other relevant government authorities.
