FlightGlobal
• Graham Rapier
Brazil’s CADE has approved American Airlines’ $100 million investment in Azul, giving the U.S. carrier a minority stake of about 8.66%. United Airlines is already a shareholder; Azul’s president has said both U.S. carriers would be among its largest individual owners as the Brazilian airline exits Chapter 11.
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Brazil’s CADE has approved American Airlines’ $100 million investment in Azul, giving the U.S. carrier a minority stake of about 8.66%. United Airlines is already a shareholder; Azul’s president has said both U.S. carriers would be among its largest individual owners as the Brazilian airline exits Chapter 11.
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