LAN AIRLINES TO BUY AIRES

Dino D'Amore
By Dino D'Amore October 28, 2010 13:53

LAN AIRLINES TO BUY AIRES

Chilean carrier Lan Airline has agreed to purchase regional airline Aerovias de Integracion Regional (Aires) for $32.5 million.

Lan Airlines has agreed to buy 99 % of Aires through the purchase of its controlling share.

Aires is a low-cost airline headquartered in Bogot√°, Colombia, which operates scheduled regional domestic and international services, as well as a domestic cargo service. Once the acquisition has been completed, which could be as soon as 30 days, Aires will become part of LATAM Airlines.

Dino D'Amore
By Dino D'Amore October 28, 2010 13:53
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