logo
Share SHARE
FONT-SIZE Plus   Neg

Chilean Supreme Court Rejects LAN's Appeal Of 3 Of 14 Mitigation Measures

Lan Airlines S.A. (LFL) announced that the Chilean Supreme Court confirmed the approval granted on September 21, 2011, by the Chilean Antitrust Authority Tribunal de Defensa de la Libre Competencia to the merger transaction between LAN and TAM, including the mitigation measures imposed on this transaction.

The Supreme Court also rejected LAN's appeal of three of the 14 mitigation measures, which the Company considered to be illegal and unconstitutional.

LAN said that the company and TAM will continue to move forward with the merger within the established timeframes.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Fiat Chrysler Automobiles's US will focus on Jeep SUVs and Ram Pickups and plans to stop producing small passenger cars from early next year. The plan to stop Dart and Chrysler 200 production will be effective by first quarter of 2017. The new plans are expected to increase profit margins, as SUVs... Royal Bank of Canada got the highest ranking in overall customer satisfaction among the five biggest Canadian banks, according to the results of an annual survey released Thursday. The lender toppled Toronto-Dominion Bank, which had held the top spot for the past ten years. Ford Motor Co.(F) reported a profit for the second-quarter that declined 8.8 percent from last year, while total revenue increased about 6 percent. The company now sees risks challenging achieving 2016 guidance.
comments powered by Disqus
Follow RTT