LATAM Airlines Responds to Planned Merger Between Azul and Gol
LATAM Airlines has expressed its stance on the proposed merger between Azul and Abra Group, the majority shareholder of Gol.
Antitrust Concerns
LATAM emphasized its concerns over the potential market concentration and reduced competition that the merger could bring. "We do not want a more concentrated market with fewer options for passengers, higher prices, and less growth," said Jerome Cadier, LATAM's head in Brazil.
Trust in CADE
Despite these concerns, LATAM expressed confidence in the Brazilian antitrust authority (CADE) to implement appropriate mitigation measures to protect consumer interests.
Ongoing Assessment
LATAM stated that it is premature to speculate on the specific impacts of the merger, as the situation is still evolving. The airline will continue to monitor the situation and engage with stakeholders to ensure the integrity of the Brazilian aviation market.