The merger between TAM Brazilian and LAN Chile, which is due to take place during the 1er The launch of LATAM Airlines Group in the first quarter of 2012, however, involves a condition imposed by CADE (Conselho Administrativo de Defesa Econômica), Brazil's competition watchdog: the future LATAM Airlines Group will have to give way to competition on various routes, in particular the Sao Paulo-Santiago de Chile route. It will also have to choose between the Oneworld and Star Alliance alliances, to which both airlines belong. The new player will then become a new heavyweight in the airline sector, gaining regional leadership and joining the top 3 largest airlines in terms of stock market valuation.
