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LATAM Airlines says not in business tie-up talks with IAG

Reuters - UK Focus

SANTIAGO, Nov 10 (Reuters) - LATAM Airlines said on Tuesday that it is not in talks to sell a stake in the regional carrier to British Airways-owner IAG.

Santiago-listed shares of LATAM ended 2.44 percent higher on Monday following a brokerage report that British Airways-owner IAG is looking at working more closely with the Chile-headquartered carrier, traders said.

In a statement, LATAM Airlines said: "LATAM Airlines Group clarifies that it is not in talks with International Airlines Group that would involve" selling a stake in LATAM to IAG. (Reporting by Anthony Esposito Editing by W Simon)