CADE Approves American Airlines' Investment in Azul
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The Administrative Council for Economic Defense (CADE) has approved American Airlines' minority investment in Azul without any restrictions. The decision, made on Friday, July 31, was based on the observation that the operation does not pose competitive risks to the Brazilian airline market. The investment, valued at US$100 million, will give American Airlines an approximately 8% minority stake in Azul.
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