Thursday, September 22, 2011
Air Transport World reported earlier today that the Chilean antitrust tribunal TDLC had conditionally approved the merger between Chile's LAN airlines and Brazil's TAM. See Aaron Karp, LAN, TAM Gain Conditional Antitrust Approval for Merger, Air Transport World, Sept. 22, 2011 (available here). The two carriers would combine to form LATAM Airlines Group. It will be worth watching how the merger impacts the major transnational alliances as LAN currently belongs to oneworld while TAM is a member of Star Alliance. The TDLC made withdrawal from one of the alliances a condition of approval, though the two airlines have yet to agree to TDLC's conditions.