Brazil regulator approves American Airlines' investment in Azul
AZUL•Brazil's antitrust regulator approved American Airlines' $100 million investment in Azul, giving the U.S. airline a minority stake of about 8%. Approval is conditioned on the parties signing and fully complying with an agreement with the regulator.
1. Approval conditions
Brazil's antitrust regulator CADE approved American Airlines' $100 million investment in Azul, giving the U.S. airline a minority stake of about 8%. The approval requires the parties to sign and fully comply with a Merger Control Agreement, which CADE said makes previously private safeguards directly enforceable obligations.
