United Airlines parent United Continental Holdings has boosted its stake in Azul Airlines to 8% after purchasing shares in the Brazilian company from China’s HNA Group subsidiary Hainan Airlines. “Today is an important step forward in our partnership with United Airlines,” Azul CEO John Rodgerson said.  The deal builds on United’s 2015 investment in the airline, and sets the table for greater cooperation. United EVP & CFO Andrew Levy said the company ...

Subscribe to Access this Entire Article

"United Continental Holdings raises stake in Brazil’s Azul to 8%" 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? ATWPlus@penton.com.

Already registered? here.