Haikou, China-based HNA Group, the parent of Hainan Airlines, has agreed to buy a 23.7% stake in Azul Brazilian Airlines for $450 million. Azul said in a statement that HNA has made a “firm commitment” to acquire the holding. HNA is aggressively acquiring aviation assets globally; it just gained European Commission approval to buy 100% of European ground handling company Swissport. Azul CEO David Neeleman noted HNA is making a major investment in the Brazilian market at a time ...

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