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Chile's antitrust tribunal yesterday approved LAN Airlines' multibillion-dollar takeover of Brazilian carrier TAM with conditions, paving the way for the creation of one of the world's biggest airlines.
Antitrust tribunal TDLC said the merged airline must comply with a host of mitigation measures, including ceding slots on the key Santiago to Sao Paulo route and renouncing participation in one of two global alliances.
Thomson Reuters data shows the combined market capitalisations of LAN and TAM would create the world's second largest publicly traded airline, though the deal involves a share swap that will likely dilute the merged group's overall marke
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Antitrust tribunal TDLC said the merged airline must comply with a host of mitigation measures, including ceding slots on the key Santiago to Sao Paulo route and renouncing participation in one of two global alliances.
Thomson Reuters data shows the combined market capitalisations of LAN and TAM would create the world's second largest publicly traded airline, though the deal involves a share swap that will likely dilute the merged group's overall marke
more.........................................
