CADE clears American Airlines’ Azul investment
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The Brazilian Competition Authority has approved the proposed investment of American Airlines in Azul, allowing the US airline to acquire a minority stake in the Brazilian airline as part of its restructuring process.The Brazilian Board of Directors for Economic Protection (CADE) has approved the proposed investment of US$100 million in Azul without any conditions and [...] The post American Airlines receives approval for a $100 million interest…
CADE clears American Airlines’ Azul investment
Brazil’s Administrative Council for Economic Defense (CADE) has unconditionally approved American Airlines’ planned US$100 million investment in Azul, clearing the US carrier to acquire a minority stake of around 8% in the Brazilian airline, according to The Rio Times. CADE’s technical staff issued a favourable opinion on 31 July, concluding that the transaction poses no competition concerns on routes between Brazil and the US. The decision will…
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