Financing ·
CADE approves American Airlines' $100M investment in Azul via warrant exercise
AZLUDAzul SA
Brazil's antitrust regulator, CADE, has unanimously approved American Airlines' US$100 million investment in Azul S.A. The capital will be raised through the exercise of subscription warrants, resulting in American holding approximately 8% of Azul's total and voting capital. This regulatory clearance allows for the implementation of commercial agreements between the two carriers. Azul operates as Brazil's largest airline by cities served, flying over 130 destinations.