HNA Completes Investment in Azul

HNA Group subsidiary Hainan Airlines has completed its $450 million strategic investment in Azul Linhas Aereas to acquire a 23.7% economic stake in Brazil's third largest airline, thus becoming the single largest shareholder of Azul in terms of economic interest.As a result of the investment, which was originally announced on 25 November 2015, Hainan Airlines will be appointing three new members to the board of directors.The investment has also paved the way for the two airlines to co-operate in the development of global networking synergy, codesharing, new route development, frequent flyer programmes, marketing programmes and cargo co-operation, as well as other strategic initiatives in the region. Moreover, both parties will benefit from the substantial passenger traffic between the two very strong global trade partners, China and Brazil.
To find out more about the investment, click here.

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