Monday, December 19, 2011
The merger between LAN and TAM airlines has moved one step closer to completion, as Brazil's Administrative Council for Economic Defense (CADE) gave its approval. See Brazil Approves TAM-LAN Merger, Associated Press, Dec. 15, 2011 (available here). Chile's antitrust regulators granted conditional approval in September. The approval from CADE is conditional on a reduction in flights between Sao Paulo and Santiago as well as the selection of an international alliance for the new carrier.