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LTM LATAM Airlines Group SA

3.21
0.00 (0.00%)
06 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
LATAM Airlines Group SA NYSE:LTM NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 3.21 0 01:00:00

Brazil's Multiplus Advances Tam BRL500 Million for Tickets

28/12/2012 10:01pm

Dow Jones News


LATAM Airlines (NYSE:LTM)
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SAO PAULO--Multiplus, the customer loyalty program spun off from Brazil airline Tam, said Friday that its board approved payment of up to 500 million Brazilian reais ($244 million) to Tam for air travel tickets yet to be purchased.

Multiplus also approved a budget for 2013, but the details of the spending plan weren't published. Multiplus also didn't publish details of the BRL500 million it will pay Tam.

Tam merged with Chile's Lan earlier this year to form Latam Airlines Group (LAN.SN), Latin America's biggest airline.

 
 
 

Write to Paulo Winterstein at paulo.winterstein@dowjones.com

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