Antitrust Authority Clears AirFrance-KLM-GOL Deal

Brazilian antitrust organisation Conselho Administrativo de Defesa Econômica (CADE) has cleared a long-term strategic partnership between AirFrance-KLM and GOL Linhas Aéreas Inteligentes, South America’s largest low-cost carrier. The decision is subject to a 15-day review period. Air-France KLM will invest $100m in GOL under the deal, with $52m reserved for share purchases. 

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