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Consolidation has long been a buzzword A term that refers to the latest technology or a term that sounds catchy. If not a flash in the pan, new technologies become mainstream. For example, Java was a hot buzzword in the 1990s, but should remain a major topic for decades.  in the airline industry and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies.  has not been the exception. After Brazil's Sinergy Group bought Colombian airline Avianca for US$64 million, Panama's Copa Airlines and Colombia's second largest carrier AeroRepublica announced a strategic alliance in which Cope would become a shareholder of the Colombian company. Cope said AeroRepublica--which controlled 35% share of the Colombian market in 2004--will continue to operate as an independent company. Further south, Chilean carrier LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used.  plans to create a unit in Argentina. LAN would absorb Lineas Aereas Federales Argentinas (LAFSA), a state-owned Argentine Argentine

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 carrier. Financial details of the negotiations were not released.
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Title Annotation:Copa Airlines, AeroRepublica
Publication:Latin Trade
Article Type:Brief Article
Geographic Code:2PANA
Date:Jun 1, 2005
Words:105
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