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Brazil: merger between TAM and LAN Chile approved by ANAC

Sao Paulo, Brazil - The operation must still be subscribed by antitrust

The board of Brazilian Civil Aviation Agency, or ANAC, approved the planned merger of Brazilian airline TAM SA and Chile's flagship carrier LAN Airlines SA, an ANAC's spokeswoman said today without releasing further details on the transaction. The merger still must be approved by the Brazilian government's official antitrust board, known as CADE. The board can approve the merger, rule against it...

AVIONEWS - World Aeronautical Press Agency - 1126452
Rome, Italy, 03/02/2011 18:44
AVIONEWS - World Aeronautical Press Agency

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