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123 Milhas-MaxMilhas deal cleared by Brazil CADE

By Maria Júlia Baumert ( October 4, 2024, 18:24 GMT | Insight) -- Brazil’s Administrative Council for Economic Defense has granted unconditional approval for Grupo 123 Milhas' acquisition of MaxMilhas. The authority concluded that market power in this sector is concentrated primarily with airlines rather than intermediaries selling airline miles.Brazil’s Administrative Council for Economic Defense (CADE) has granted unconditional approval for Grupo 123 Milhas' acquisition of MM Turismo & Viagens, also known as MaxMilhas. The authority concluded that market power in this sector is concentrated primarily with airlines rather than intermediaries selling airline miles....

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