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Lan Airlines is `window shopping' for acquisitions

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Bloomberg News

Lan Airlines, Latin America's biggest air carrier by market value, is ``window shopping'' for mergers and acquisitions as its Latin American passenger traffic recovers, Chief Operating Officer Ignacio Cueto said.

``We are looking at all the possibilities around -- we are window shopping,'' Cueto said Tuesday in an interview at a conference in Santiago. ``There is nothing concrete.''

The Santiago-based airline's passenger traffic has increased in the past two months while its regional cargo traffic is recovering ``very slowly,'' Cueto said.

The Cueto family, which controls Lan through an agreement with billionaire investor Sebastian Pinera, may buy some of Pinera's stake if his presidential bid is successful in the next two months, Cueto said. The first round of elections is slated for Dec. 13.

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