SAO PAULO (Reuters) – LATAM Airlines said on Friday it was still too early to discuss potential impacts of a planned merger between its two largest rivals in top market Brazil, but voiced trust in antitrust watchdog CADE to put in place mitigation measures.
“What we do not want is a more concentrated market, with fewer options for passengers, higher prices and less growth,” LATAM’s head in Brazil, Jerome Cadier, told reporters in an earnings call.
Rival carrier Azul and Abra Group, the majority investor of fellow airline Gol, signed earlier this month they a non-binding memorandum of understanding with the intent of combining their businesses in Brazil.
(Reporting by Gabriel Araujo; Editing by Toby Chopra)
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