OREANDA-NEWS. On December 24, 2014, TAM Airlines and Passaredo entered into a codeshare agreement. To be implemented, however, the agreement is subject to approval by Brazil's National Civil Aviation Agency (AN AC) and Brazil's Administrative Council for Economic Defense (CADE). Earlier this year the companies had already signed an Interline agreement.

After obtaining the respective approvals the partnership will give TAM Airlines even greater network coverage, in line with the strategy to serve and increase its market share in regional markets. Consequently, the passengers of both airlines will operate nine new destinations in Brazil: AraguaЁЄna, Barreiras, Cascavel, Dourados, Pampulha, Sinop, TrЁєs Lagoas, Uberaba and VitЁ®ria da Conquista. Passengers departing from these cities through TAM Airlines will be able to connect to the 135 destinations in 24 countries served by the companies of the LATAM Airlines Group.

LATAM Airlines Group S.A. is the new name given to LAN Airlines S.A. as a result of its association with TAM S.A. LATAM Airlines Group S.A. now includes LAN Airlines and its affiliates in Peru, Argentina, Colombia and Ecuador, and LAN Cargo and its affiliates, as well as TAM S.A. and its subsidiaries TAM Linhas Aereas S.A., including its business units TAM Transportes Aereos del Mercosur S.A., (TAM Airlines (Paraguay)) and Multiplus S.A. This association creates one of the largest airline groups in the world in terms of network connections, providing passenger transport services to about 135 destinations in 24 countries and cargo services to about 145 destinations in 27 countries, with a fleet of 320 aircraft. In total, LATAM Airlines Group S.A. has approximately 53,000 employees and its shares are traded in Santiago, as well as on the New York Stock Exchange, in the form of ADRs, and Sao Paulo Stock Exchange, in the form of BDRs.