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

By  |  May 13, 2014

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.

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    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

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