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Sunday, December 18, 2011

TAM, LAN merger approved

The merger of two of South America's largest airlines, LAN and TAM, has been given the go ahead. Brazil’s anti-trust regulator, the Council for Economic Defence (CADE) today approved the merger between the Chile-based LAN and Brazil's TAM, with a unanimous vote. This represents the final regulatory approval necessary in the merger between the two airlines. The merger is now expected to be completed in the first quarter of 2012.

Meanwhile, TAM has signed a codeshare agreement with Turkish Airlines. The deal means Turkish Airlines codes will be placed on TAM flights from Sao Paulo to Buenos Aires, Rio de Janeiro, Iguassu Falls, Porto Alegre and Brasilia, as well as flights from Sao Paulo to Madrid. In return, TAM’s code will be used on Turkish Airlines’ flights from Istanbul to Sao Paulo and Madrid.    
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