Shareholders of LAN Airlines have approved a merger with Brazil's TAM. Last month, the merger was cleared by Brazil's top antitrust court, Cade. Chilean antitrust authorities had previously approved the business tie-up.
A ruling by the Chilean Supreme Court regarding the airline’s appeal of three measures imposed on the merger by Chile's TDLC antitrust court is expected in January.
LAN shareholders approve TAM merger
Shareholders of LAN Airlines have approved a merger with Brazil's TAM. Last month, the merger was cleared by Brazil's top antitrust court, Cade. Chilean antitrust authorities had previously approved the business tie-up.
A ruling by the Chilean Supreme Court regarding the airline’s appeal of three measures imposed on the merger by Chile's TDLC antitrust court is expected in January.