Chilean-Brazilian airline merger makes progress

Brazil's finance ministry antitrust unit has recommended the approval of a plan by Chilean airline LAN to buy rival Brazilian rival TAM, saying the deal will not harm competition in the country's civil aviation market.

The ruling is the first of three antitrust decisions in Brazil for the transaction, which was announced a year ago.  The other agencies that may pronounce in the coming months are the Justice Ministry's antitrust unit and the country's antitrust council Cade.

In Chile a similar process is taking place with the airline optimistic that the deal will go ahead, although not until well into 2012.  www.lan.com www.tam.com.br

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