From O Globo interview yesterday: AO PAULO - The merger between TAM and LAN Chile is overdue, said Marco Antonio Bologna, President of the Brazilian holding company, whose main mission is to complete the deal by year's end. The courtship between the two companies began in the year 1990 under the baton of Commander Rolim Amaro, TAM's founder. Rolim always believed in consolidation in the airline industry and under this inspiration TAM is interested in the privatization of TAP, the purchase of a third of regional Trip and willingness to enter in the provision of airports . For the Executive, "the private sector participation in the improvement of airports is 'inevitable'. On the process of merging with LAN, Bologna said he had no now comments. - The Court of Defense of Chile banned acts of fusion while not finished its analysis and, at the request of a consumer association, will hold hearings until the end of the month to discuss the repercussions of the operation, mainly in Santiago-SP route. In Brazil, to coincide with the approval of Cade. After that, we have another critical path, which is the approval of non-controlling shareholders of both companies. In the case of TAM, we will make a public offering on the stock exchange so that the minority can exchange shares of TAM for those of Latam, with a favorable exchange ratio, so they will have a windfall. We will ask for approval of 95% of those shareholders who have 54% stake (46% are family Amaro). If they do no approve, the deal will fail - he said.