TAM/LAN MERGER GETS A BOOST AS BOEING AND AIRBUS LOSE MAJOR ORDERS

Brazil’s civil aviation authority, ANAC, has approved the planned merger between TAM of Brazil and Chile’s LAN with no restrictions, giving a huge boost to their aim of creating Latin America’s largest airline. Antitrust regulators in Chile had halted the integration of the two airlines in January amid worries it could harm competition. Although ANAC, which stated that the process was approved “in the same mold that it was presented”, has approved the deal, other regulatory entities in Brazil still need to authorize the process. Shares in TAM gained 1.3% to 36.04 reais. Meanwhile: Boeing now stands at 17 aircraft