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Fusion between Blue and Trip is approved by Cade

03/07/2013

This article was translated by an automatic translation system, and was therefore not reviewed by people.





Sabrina Craide
Brazil Agency Reporter

Brasilia - The Administrative Council for Economic Defense (Cade) approved today (6) the merger between the airlines Azul and Trip. The operation was considered pro-competitive because, together, Azul and Trip are better able to compete with the market leaders of national civil aviation, TAM and Gol. According to Cade, the operation creates the third largest Brazilian airline and intensifies competition in the industry

However, Cade set conditions for approval of the merger, as the end of the sharing agreement that Trip has flights with TAM, necessary for the two companies to become, in fact, competitors. The purpose of sharing flights between TAM and Trip will be done gradually until the end of 2014.

Companies also had to commit to use with intensity of at least 85% of their schedule takeoffs and landings at Santos Dumont Airport in Rio de Janeiro, because the terminal is not currently available infrastructure to accommodate the entry of another airline. The requirement becomes effective within 30 days and will be measured quarterly.

If breached, a pair of slots [permits time for takeoff and landing in an airport] companies will be returned to the National Civil Aviation Agency (ANAC) for redistribution.

Editing: Fabio Massalli


Source: Agencia Brazil

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This article was translated by an automatic translation system, and was therefore not reviewed by people.

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