LAN/TAM

Chile-based LAN Airlines and TAM airlines of Brazil have agreed to a merger. The new company will be called LATAM. When the merger is complete, in April or June 2011, it will create the largest airline in South America, flying 241 aircraft to 115 destinations in 23 countries.

LAN also plans to purchase the second-largest airline in Colombia, the domestic airline Aires, at which point LATAM would be among the 15 largest airlines in the world.