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Airline From Brazil, Chile to Merge

Two major South American airlines are planning to merge and create the biggest carrier in the region.

Brazil's TAM Airlines and Chile's LAN, both the largest in their respective nations, are looking to join forces as demand for air travel in Latin America continues to grow.

The merged company will be known as LATAM Airlines Group.

TAM said the combined airline would fly to 115 destinations in 23 countries, operate a fleet of more than 220 aircraft and have more than 40,000 employees.

Last year, the two carriers had combined revenues of $8.5 billion and carried more than 45 million passengers.

Some information for this report was provided by AP, AFP and Reuters.