LAN-TAM Combo Unveils Officers

LATAM Airlines Group, as the holdco representing the combination of Chile’s LAN and Brazil’s TAM is known, has announced its managerial structure. LAN CEO Enrique Cueto becomes CEO of LATAM, with LAN COO Ignacio Cueto moving up to fill the role of LAN CEO. Marco Antonio Bologna remains CEO of TAM. Libano Barroso, CEO of the TAM Linhas Aereas opco, becomes CFO of LATAM. The merger via share exchange announced late last year is awaiting regulatory clarifications in Chile and in Brazil and is expected to be finalized in Q1 2012. The two airlines will continue to operate independently, as Brazilian law prevents a foreigner from owning more than 49% of a Brazilian airline.