Regulations and Government
LAN, TAM Clear Last Hurdle to Merger
LAN Airlines S.A., of Chile and TAM S.A. of Brazil cleared the last regulatory hurdle to their merger December 14.
Chile's LAN Airlines became the first Latin American carrier to place a firm order for the Airbus A320neo, during the 2011 Paris Air Show. Its future sister airline, TAM, will serve as the A320neo launch customer in the region. (Photo: Airbus)
Chile's LAN Airlines became the first Latin American carrier to place a firm order for the Airbus A320neo, during the 2011 Paris Air Show. Its future sister airline, TAM, will serve as the A320neo launch customer in the region. (Photo: Airbus)

LAN Airlines of Chile and TAM of Brazil cleared the last regulatory hurdle to their merger December 14, obtaining approval from Brazil’s antitrust authority to create one of the world’s largest airline groups. The decision of the authority, known as the Administrative Council for Economic Defense (Cade), came with conditions similar to those imposed by Chile’s TDLC antitrust court in September.