China’s Hainan Airlines is selling the remainder of its stake in Brazil's Azul Airlines—part of Hainan parent HNA Group's continuing efforts to raise cash and pay down debt. Hainan's stake sits at about 17% following its recent divestiture of about 4% to United Airlines. The deal is expected to net Hainan about $320 million based on the price of the shares being sold—American depository shares, or ADSs. Azul's ADSs, sold on the New York Stock Exchange, ...

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