Brazil’s antitrust authority (CADE) approves merger between LAN and TAM in a unanimous vote
December 14, 2011.-
- The Council for Economic Defense (CADE) today approved the merger between LAN and TAM in a unanimous vote.
- The Brazilian authority considers two conditions in its decisions, which are in line to what LAN offered to the Chilean Fiscalía Nacional Economica (FNE) last January, through an out-of-court agreement and were afterward reiterated by Chile’s antitrust court (TDLC).
- Cade’s conditions included giving up two pairs of slots at the Guarulhos Airport for the Sao Paulo-Santiago route and an eventual resignation to one of the airline’s Alliances LAN and TAM are part of today.