Editing LATAM Airlines Brasil (section)

===The creation of LATAM Airlines Group===
{{Main|LATAM Airlines Group}}
[[File:LATAM Brazil Airbus A350-900 F-WZGU (to PR-XTE) (28915136883).jpg|thumb|A former LATAM Brasil [[Airbus A350-900]] approaching [[Toulouse-Blagnac Airport]] in 2016]]

On August 13, 2010, TAM signed a non-binding agreement with Chilean airline [[LAN Airlines]] to merge and create [[LATAM Airlines Group]].<ref>{{cite news|url=https://www.reuters.com/article/idCNN1321787820100813?rpc=44|title=LAN says signs non-binding deal with TAM to merge|work=Reuters|date=August 13, 2010|access-date=August 13, 2010}}</ref> This was changed into a binding agreement on January 19, 2011.<ref>{{cite web|url=http://www.tam.com.br/b2c/vgn/v/index.jsp?vgnextoid=28ef13aac9b9d210VgnVCM1000009508020aRCRD|access-date=August 14, 2011|date=January 19, 2011|publisher=TAM Linhas Aéreas|title=TAM e LAN assinam acordos vinculativos sobre a LATAM|language=pt|archive-date=March 12, 2012|archive-url=https://web.archive.org/web/20120312075219/http://www.tam.com.br/b2c/vgn/v/index.jsp?vgnextoid=28ef13aac9b9d210VgnVCM1000009508020aRCRD|url-status=dead }}</ref> LATAM's agreement was approved with 11 restrictions by Chilean authorities on September 21, 2011. These included transferring four slots at [[São Paulo-Guarulhos International Airport|São Paulo-Guarulhos]] to competitors interested in operating flights to [[Arturo Merino Benítez International Airport|Santiago de Chile]], renouncing membership to either [[Oneworld]] or [[Star Alliance]], restricting increase capacity on flights between Brazil and Chile, and opening code-share possibilities and fidelity program membership to interested competitors.<ref>{{cite news|url=http://www.valor.com.br/empresas/1013334/tribunal-chileno-aprova-fusao-de-tam-e-lan-com-11-condicoes|title=Tribunal chileno aprova fusão de TAM e LAN com 11 condições|newspaper=Valor Econômico|date=September 21, 2011|access-date=September 26, 2011|language=pt|first=Luciana|last=Seabra}}</ref> On December 14, 2011, Brazilian authorities approved the agreement imposing similar restrictions as Chilean authorities. By August 2012, LATAM made a decision in favor of Oneworld and frequencies between São Paulo and Santiago de Chile were reduced: TAM had two pairs of slots while LAN had four. LAN ceded two pairs to competitors interested in using them which later was known to be [[Sky Airline]].<ref>{{cite news|url=http://economia.estadao.com.br/noticias/economia+geral,com-restricoes-cade-aprova-fusao-tamlan,95999,0.htm|title=Com restrições, CADE aprova fusão TAM/Lan|newspaper=O Estado de S. Paulo|date=December 14, 2011|access-date=December 15, 2011|language=pt|first1=Eduardo|last1=Rodrigues|first2=Célia|last2=Froufe|archive-date=May 14, 2012|archive-url=https://web.archive.org/web/20120514012829/http://economia.estadao.com.br/noticias/economia+geral,com-restricoes-cade-aprova-fusao-tamlan,95999,0.htm|url-status=dead}}</ref> The merger was completed on June 22, 2012.<ref name="takeover-completion">{{cite news|url=https://www.reuters.com/article/uk-tam-lan-idUSLNE85L02P20120622 |title=Chile's LAN Airlines completes takeover of rival TAM|work=Reuters|date=June 22, 2012}}</ref> As of May 5, 2016 TAM adopted the name LATAM.<ref>{{Cite web|url=https://www.latam.com/descubre-latam/en/node/4|title=LATAM and You|publisher=LATAM|access-date=13 May 2016|url-status=dead|archive-url=https://web.archive.org/web/20160602032621/https://www.latam.com/descubre-latam/en/node/4|archive-date=2 June 2016}}</ref> It still continues to use the "TAM" name as a call sign for its LATAM Brasil operated flights.

On July 9, 2020, LATAM Brasil announced that it filed for judicial reorganization in the [[United States]] due to the impacts of the [[COVID-19]] crisis on the company's operations. The LATAM Airlines group and its affiliates had already entered the debt restructuring process in May of the same year under the protection of Chapter 11 of the United States bankruptcy law, which allows a deadline for companies to reorganize themselves financially. Despite the announcement, the company continues to operate normally.<ref>{{Cite web|title=Latam Brasil asks for judicial recovery in the USA|url=https://congressoemfoco.uol.com.br/economia/latam-brasil-pede-recuperacao-judicial-nos-eua/|work=Congresso em Foco|date=2020-07-09|access-date=2020-07-09|language=pt}}</ref>