Brazil regulator approves American Airlines investment in Azul
CADE approved American Airlines’ $100 million investment in Azul, granting it a minority stake of about 8%.
Brazil's antitrust regulator CADE on Wednesday approved American Airlines' NASDAQ:AAL $100 million investment in Azul BMFBOVESPA:AZUL3, giving the US carrier a minority stake of about 8% in the Brazilian airline.