Brazil Regulator Approves American Airlines' Investment in Azul
8 Articles
8 Articles
The Institute of Research and Studies of the Society and Consumption (IPSConsumo) asked the Court of the Administrative Council of Economic Defense (Cade) that the acquisition of approximately 8% of Blue by American Airlines be conditioned on the adoption of measures to preserve the competition in air transport between Brazil and the United States. The institute also asks that the United Airlines' links with the Abra Group, the Gol's controller,…
Council approved purchase of approximately 8% of Blue by American Airlines, with investment of $100 million and safeguards to protect competition. The post Cade approves purchase of 8% of Blue by American Airlines appeared first in Market Monitor.
The Administrative Council of Economic Defense (Cade) approved the acquisition by American Airlines of minority participation of approximately 8% in the capital of Azul, according to note published by the body on Wednesday. The operation involves investment of $100 million in the context of the financial restructuring of Azul under the process of judicial recovery under Chapter 11 [...]
Acquisition was approved by Cade; operation is estimated at US$ 100 million
The U.S. airline will invest $100 million in Brazil and will be able to indicate members of corporate bodies. Read on Power360.
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