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Wednesday, December 21, 2011

Brazilian officials approve airline giants' merger

TAM and LAN, Latin America's biggest airlines, moved one step closer to merger Wednesday Dec 21,2011 in a deal that would form the third-largest airline in the world.
 

CADE, Brazil's Administrative Council for Economic Defense, unanimously approved the deal, provided the combined airline makes two major concessions -
First, the airline would sacrifice one of the two alliances that Brazil's TAM and Chile's LAN currently hold. LAN is part of the Oneworld alliance, and TAM is a member of the Star Alliance.
Second, the combined airline would have to give up some rights to takeoff and landing authorizations on the Santiago-Sao Paulo route, balancing competition on the routes between the two cities. These arrangements mirror those set by the Brazilian council's counterpart in Chil

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