Brazil/France: CADE clears long term airline tie-up

Brazil antitrust regulator CADE has reportedly approved of the proposed joint venture between GOL Linhas Aereas Inteligentes and Air France, according to the Brazilian company.

Reports say the venture includes a deal that sees Air France investing $100 million in GOL. The partnership was first formed last February.

While CADE cleared the deal, it still has 15 days for its court to examine the partnership.

Full content: Financial News

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.