LAN Airlines and TAM S.A have announced that they intend to merge. The deal would create a new brand, named LATAM Airlines Group, to work as single parent equity. LAN would serve as the parent, while TAM will operate under its original name with its own structure. TAM’s CEO Marco Bologna said the move would help them compete with foreign carriers. “This is the completion of the vision of our founder, Captain Rolim, who believed that in an open skies market, a large Latin American airline group would provide much more competitive services to our passengers and cargo customers,” he explained. “As the industry consolidates, we cannot stand still,” added LAN CEO Enrique Cueto. The merger is set to generate US$400 million (approx.