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LAN SIGNS DEFINITIVE PURCHASE AGREEMENT FOR AIRES

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LAN SIGNS DEFINITIVE PURCHASE AGREEMENT FOR AIRES

The definitive purchase agreement signed by LAN Airlines to acquire 98.942% of the shares of Colombian airline Aires finalises the $12 million acquisition. LAN Airlines is assuming Aires’ net liabilities of approximately $100 million, including $18 million of bank debt. The Chilean airline hopes t...

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