Brazil clears United's $100M investment in Azul, raising stake to ~8% in Chapter 11 rescue
Brazil's antitrust regulator CADE approved United Airlines' $100 million investment in Azul, increasing United's stake to about 8% without restrictions. The cash injection is part of Azul's U.S. Chapter 11 restructuring and supports the carrier's broader recapitalization, fleet and debt rebalancing plans.
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