HNA Group subsidiary Hainan Airlines has completed a deal for a 23.7% stake in Brazil’s Azul Airlines, with a $450 million investment. Haikou, China-based Hainan is also expected to appoint three members to Azul’s board. According to a company statement, both carriers will also cooperate to develop a global networking synergy in the fields of codesharing, new route development, frequent flyer program, marketing programs and cargo. Moreover, the two airlines are expected to ...

Subscribe to Access this Entire Article

"Hainan Airlines acquires 23.7% stake in Brazil’s Azul" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.