Shares of LAN Airlines and TAM declined yesterday upon the news on Friday that the Chilean antitrust court, TDLC, has moved to suspend their proposed merger. The Chilean court ruled to suspend the merger while it reviews a petition filed by private consumer-rights group the National Consumers Corporation. The group, known locally as Conadecus, argues that the routes between Chile’s capital of Santiago and the Brazilian city of São Paulo, as well as between Santiago and Rio de Janeiro, will be monopolised by one player if the merger goes through. LAN says it is “evaluating the court’s decision” said a
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