LAN Airlines (Santiago de Chile) and TAM Linhas Aéreas (São Paulo Congonhas) have completed their merger on June 22 after two years of preparation. Both airlines continue to operate as separate entities but are now owned by LATAM Airlines Group as a holding company. For now LAN will continue to be in Oneworld alliance and TAM in Star Alliance but the two carriers are expecting to make a final alliance decision next and it is widely speculated that the decision will be in favour of oneworld.