Editorial Comment

Azul sells stake to HNA Group

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Azul sells stake to HNA Group

Azul Linhas Aéreas Brasileiras has sold a 23.7% stake to HNA Group for $450 million. The deal follows the airline raising $200 million from the Industrial and Commercial Bank of China in May 2015 to boost capital. Azul also sold a 5% stake to United Airlines for $100 million in June. Plans are unde...

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