Now the president of Tam claim to have no contingency plan if fails Merger With Lan

Last week, especially after the intervention of lawyers TAM during the hearing convened by the Tribunal for the Defense of Free Competition in Chile, had been floating the threat of the Brazilian company to find another partner if the merger failed LAN . Even Cueto, major shareholders of the Chilean company, acknowledged that the Brazilian position was logical: "TAM is the darling of Brazil and is willing to marry, but if he does not marry you, not going to stay single," justified . Turns out the president of the Brazilian airline acknowledged to Bloomberg, in Barcelona, ​​do not have a contingency plan should be rejected with LAN operation. He said he is confident that it will obtain permission of the Court of Defense of Free Competition for fusion. Mergers between TAM and LAN should be completed by fourth quarter of this year or early 2012 at the latest. It is anticipated that market between the two airlines as much air travel in the region.

For its part, Lan fear that the merger be delayed until March 2012

The president of the Chilean national airline, Enrique Cueto, confessed to the Brazilian newspaper Valor that if they appeal to the Supreme Court to get legal approval of the union with TAM, everything could be delayed until March 2012. "There may be an appeal to the Supreme Court, we hope not, but if that happens, the process could take another three months," Cueto said during the conference of the International Air Transport Association (IATA) to be held in Singapore. The entrepreneur, who ruled out any contact with Gol if TAM merger fails, acknowledged that in the future could be an alliance with Portugal's TAP, but in the short term are devoted to the creation of Latam. If approved by the heads of competition from Chile, the union will create the largest airline in Latin America, which was expected to happen before the end of 2011. Fusion LAN and TAM body is being examined by the Tribunal for the Defense of Free Competition in Chile.

Source: Cheap Flights