LAN/TAM likely to clear another hurdle; Air Canada's outlook uncertain
Brazil's Finance Ministry Price Administration and Competition Bureau stated it is likely to support the merger of TAM and LAN Airlines and submit a favourable report on the competition aspects, according to a report in the Wall Street Journal. The merger still needs to pass scrutiny from the Brazilian antitrust board. Chilean competition authorities are also reviewing the merger. The merged carrier would be the largest airline in Latin America and the 15th largest in the world. Shares in LAN were up 4.3%, while TAM shares gained 5.3%.
