25-Nov-2015 9:30 AM
HNA Group and Azul Brazilian Airlines Form Long Term Strategic Partnership
Direct News Source
24-Nov-2015 HNA Group Company Limited ("HNA Group") and Azul Brazilian Airlines ("Azul") today announced a new strategic partnership. HNA Group will acquire a 23.7% stake in Azul, Brazil's third largest airline, aiming to benefit from substantial passenger traffic between China and Brazil, which are strong global trade partners. HNA Group will assume the role of single largest shareholder of Azul, and will appoint new members to the board of directors.
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