Brazil’s antitrust authority (CADE) approves merger between LAN and TAM in a unanimous vote

The Council for Economic Defense (CADE) yesterday (December 14) approved the merger between LAN Airlines (Santiago) and TAM Airlines (TAM Linhas Aereas) (Sao Paulo) in an unanimous vote.

This is the final regulatory hurdle for the merger into a new holding company.

Both airlines would continue operating separately with their own brands.

Read the full story from Bloomberg Businessweek: CLICK HERE