Hainan Airlines Buys Stake in Brazilian Carrier

Posted by Newsdesk
On 9th August 2016
Brazil, Fosun, Hainan Airlines, investment

China’s largest private airline, Hainan Airlines Co. Ltd., has completed the acquisition of a 23.7 percent stake in Brazil’s third largest airline Azul for a reported USD 450 million. The deal, which was originally announced last November, is one of many overseas investments made recently by Hainan’s parent company HNA. As part of the agreement, […]