Chile's Lan airline has completed a takeover of Brazil's Tam, creating the world's second largest airline by market value, to be known as Latam.
After two years of negotiations,Wholesale jerseys Tam shareholders agreed to the takeover.
The new company will have its headquarters in the Chilean capital, Santiago.
Brazil and Chile have enjoyed years of economic growth, which has brought about a massive increase in air travel but also recently tougher competition.
Tam, once Brazil's leading airline, has seen its profits drop as rivals began to offer cheaper tickets and better deals.Cheap NBA jerseys
Lan - a much bigger company flying to more than 20 countries - has the financial resources to make Latam Airlines Group a serious competitor in Brazil's huge internal market as well as overseas.
Latam's chief executive, Enrique Cueto, told the Reuters news agency that the new carrier "will focus on Brazil and will introduce important changes in the local airline market".Cheap NFL jerseys
The combined revenues of Lan and Tam last year exceeded $13bn (£8.3bn). Their combined market value is second among the world's airlines to Air China.
Analysts say both companies gain from the deal.
The takeover is expected to save $700m in operating costs in the next four years.
The thought of a mass of migrating rubbish spewing out into the world's oceans is one that disturbs environmentalists far beyond the shores of Australia.
In fact one such giant clump of waste has already amassed itself in the Pacific, frustrating oceanographers for years.Cheap Soccer Jerseys
It's in the Northern Pacific and even has its own name.
The Great Pacific Garbage Patch, also described as the Pacific Trash Vortex, is what marine scientists call this rotating collection of ocean-borne rubbish.
The patch has exceptionally high concentrations of plastics, chemical sludge and other debris trapped by the currents.NFL jerseys
It's not all fuelled by the products of Sydney Harbour and nor is Sydney alone in having such an underwater problem.
But the city's shame has been exposed by the endeavours of the environmentalists, who believe all leaders should take responsibility for what's happening.
"Just because this stuff is out of sight under water doesn't mean we can ignore it," Mr Cropp says.Cheap nhl jerseys
To underline his point, Dean shows us one of his most telling under water images.
It's a solitary piece of floating plastic tape, the kind which you see police, ambulance or the fire service put up around accidents to keep the public out.