Chile's flagship airline LAN expects to complete a merger with Brazil's TAM within six to nine months, after signing a deal with final terms and conditions. Both airlines announced their plans in August and await regulatory approval in their countries. Analysts reckon LAN is effectively acquiring the Brazilian airline as the Cueto family is set to emerge with the major stake in what would be one of the world's top carriers. The Cueto family is the main shareholder of LAN, considered one of Latin America's most profitable airlines.
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