LAN Airlines has given a clearer indication that its proposed merger with Grupo TAM will close by July, although the company has not released a formal date for the merger’s completion. The Chilean carrier’s CFO, Alejandro de la Fuente Goic, during the carrier’s first-quarter results conference call told analysts the company expects to generate as much as $200 million in synergies in the first 12 months of the merger, although the gains will be realized in the second six months of that ...

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