The board of LATAM Airlines, the largest air transport group in Latin America, Tuesday appointed Chilean Ignacio Cueto as president of the firm replacing the Brazilian Mauricio Amaro.
Cueto, who belongs to one of the families of the LATAM controlling pact, previously served as general manager of the airline.
The group, which emerged from the merger of Brazil’s TAM and Chile’s LAN in 2012, last year achieved its first accounting profit since its inception despite an adverse regional outlook and following the recession that hit Brazil, its main market.
The conglomerate, headquartered in Santiago has business units in Argentina, Brazil, Chile, Colombia, Ecuador and Peru, among others.
Countries: Brazil, Chile
People: Ignacio Cueto
Channel AE: Business & Industries, Multilatinas
Entities: LATAM Airlines Group