Brazil approves Tam takeover of Pantanal Airline

Tam, Brazil's biggest airline, had its purchase of rival Pantanal Linhas Aereas approved by regulators, Estado news agency reported.

Tam, which agreed this week to merge with Chile's Lan Airlines, will be able to take over regional carrier Pantanal without restrictions. Tam announced the takeover of Pantanal last year.

The anti-trust regulator said it is likely new competitors will enter the market and that the takeover of Pantanal, which was under Chapter 11 bankruptcy protection at the time of purchase, doesn't represent a threat to competition.
(Source:www.cargonewsasia.com)