Azul Airlines

HNA Group Completes Acquisition of Azul Stake

By | News

China’s HNA Group, through its Hainan Airlines (HU, Haikou) subsidiary, says it has completed its acquisition of a 23.7% stake in Brazil’s Azul Linhas Aéreas Brasileiras (AD, Campinas Viracopos) thus becoming the LCC’s largest shareholder in terms of economic interest. Following the transaction, valued at USD450 million, Hainan Airlines will…

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