HNA Group to buy 23.7% stake in Azul for $450 million

Credit: Rob Finlayson

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...

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