Latin America approves the largest airline company

Note: This section contains information in English only.
Source: BBC

Brazilian government has approved the merger of two largest Latin American airlines TAM, Brazilian airline company, and LAN, Chile's airline provider. The new company will be called LATAM and will be worth about $14.5bn serving more than 115 destinations in about 23 countries. The antitrust authorities accepted the merger but imposed 11 conditions to not violate fair competition in the industry.

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