BRASILIA, Brazil – Brazil’s antitrust regulator has approved the merger between TAM Airlines and LAN of Chile.
The merged company will be Latin America’s largest airline, known as Latam.
The antitrust regulator says in a Wednesday statement that the two companies must give another airline two takeoff and landing slots at Sao Paulo’s international airport for daily flights to Santiago.
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Together the two airlines now control 80 per cent of the flights between the two cities
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The regulator also said the two airlines must belong to only one international alliance. TAM is a member of Star Alliance and LAN is a member of Oneworld.
Plans to merge the biggest airlines in Brazil and Chile were announced in August 2010.
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