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Thursday, 17 November 2016

Brazil’s Cade gives Qatar Airways the all-clear for Latam stake

Brazil’s Cade gives Qatar Airways the all-clear for Latam stake:
"Brazil’s competition regulator Cade has approved Qatar Airways’ purchase of a 10 per cent stake in South America’s biggest airline, Latam.

The deal will give Latam – a combination of Brazilian and Chilean carriers Tam and Lan – some relief from tightening liquidity in its home markets, as Brazil suffers its worst recession in more than a century, analysts say.

First announced in July, the deal comes as Qatar tightens links with other members of the oneworld alliance, having purchased a 15 per cent stake in British Airways owner IAG in May."

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