Why HNA’s Azul Investment Looks Strange, But Is Significant

Credit: AlexF/Wikimedia
Late last month, HNA Group announced it is buying a stake of almost 24% for $450 million in Brazilian carrier Azul. It was one of those announcements that warranted a double take. HNA? Azul? $450 million? Among airline deals made in the last decades, this must be one of the most mysterious and...

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