American Airlines acquires 7.94% stake in Azul through share subscription
AZUL•American Airlines acquired an approximately 7.94% stake in Azul through a share subscription on October 20, 2026. The subscription comprised 15,919,387 American Depositary Shares, each representing two common shares, as part of American’s U.S. Chapter 11 restructuring plan.
1. Stake subscription
American Airlines acquired an approximately 7.94% stake in Azul through a share subscription on October 20, 2026. The subscription comprised 15,919,387 American Depositary Shares, each representing two common shares, and was part of American’s U.S. Chapter 11 restructuring plan.
2. Control and management
American said it does not intend to change Azul’s control or management beyond what the restructuring plan provides.
