Brazil’s Council for Economic Defense (CADE) has approved the merger between Chile’s LAN Airlines and Brazil’s TAM in a unanimous vote.
Brazil’s Council for Economic Defense (CADE) has approved the merger between Chile’s LAN Airlines and Brazil’s TAM in a unanimous vote. The antitrust regulator imposed two conditions before allowing the carriers to combine under LATAM Airlines Group, the single holding company that will own them both. The airlines must give up two slot pairs at Sao Paulo Guarulhos for the Sao Paulo-Santiago route and exit either oneworld or Star Alliance. Santiago-based LAN is a ...
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