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Old 4th Nov 2010, 15:04
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Unlikely
 
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Based on his comments one can say that in effect LAN will not only buy Aires, but also acquire Aeroasis once it has received the green light from Colombian authorities. Now, would it be crazy to think that LAN is using Aeroasis to get Aires at a bargain price or vice versa and then drop either one. Or the Chileans are super nice and indeed plan to do as the CEO says. In that case how does LAN plan to execute the merger of the two. Duplicity and compensations are important hurdles in mergers. As I understand Aeroasis has much higher salaries than Aires. Are the people of Aires in for a huge pay raise or will LAN level everybody under Aires’ pay scale? Although a merger will, at the end, benefit LAN’s interest many people will without a doubt lose their jobs. The question again is, who? The new up to LAN’s standards, but also more expensive staff from Aeroasis or the cheaper and more expensive to fire Aires’ personnel.
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