LAN AIRLINES TO BUY AIRES

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By TESTCustomwebLP TESTCustomwebLP 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 Bogotá, 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.

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By TESTCustomwebLP TESTCustomwebLP October 28, 2010 13:53
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