Go Back   > > >
Thread Tools Search this Thread
Old Mar 2, 11, 5:21 am   #1
Original Poster
Join Date: Jan 2008
Location: Rio de Janeiro and Miami
Programs: AA EXP/CK; DL DM; Hilton Diamond; SPG Platinum 100; Sixt Platinum; National Exec and others
Posts: 4,695
TAM-LAN merger first approval in Brazil

The Brazil civil aviation agency ANAC approved the formation of LATAM yesterday. There were no details about the approval because those will be published tomorrow in the Federal Diário Oficial da União. This is only the first step, with the Brazilian antitrust (CADE) still pending. Chilean antitrust has not yet been approved either, and the Brazilian process has potential to be protracted.

A related development that may be a positive force for both Brazil and Chile is the announcement in Portugal a week ago that LATAM was involved in discussions to acquire TAP. Nobody seems to know for certain if that was really happening or if it was another anxious gambit by the Portuguese to find a way to dispose of the government interest in TAP with dignity. Some observers in Brazil and Chile think that joining with TAP could give LATAM a European base to cope with increasing transatlantic competition from AF and BA/IB. Nobody seems to know what the official views of either antitrust body might be.
jbcarioca is offline   Reply With Quote


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off

Forum Jump
Contact Us - FlyerTalk - Archive - Top