Brazilian TAM airlines to buy into Chilean LAN airlines?

There is more consolidation likely in the dynamic Latin American Airline market as LAN airlines of Chile is reported to be negotiating to but a 19% stake in Brazilian the market leader, TAM airlines. The opportunity is a direct result of the election of Sebastian Pinera as President of Chile and the resulting requirement for him to divest his holding in LAN.   
This further consolidation of ownership follows the recent merger between TACA airlines of El Salvador and Avianca of Colombia.

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