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Avianca Merges With TACA. Colombian Avianca and Central-American, El Salvador based TACA have finalized their merger agreement to unite as one Latin-American airline company, keeping the two brands. The merger has been approved by antitrust and regulatory bodies.
The US Department of Justice's approval of the Alaska Airlines (NYSE:ALK)/Virgin America (NASDAQ:VA) merger came with conditions that highlight the reason why the DOJ's actions not only were taken to protect consumers, but also because there are larger industry competitive issues involved which the DOJ recognized.