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China's HNA Group acquires 23.7% stake in Brazil's Azul

Hainan Airlines Boeing 787-8 © Boeing Hainan Airlines Boeing 787-8

Azul Linhas Aéreas Brasileiras (AD, Campinas Viracopos) and HNA Group have announced a strategic partnership wherein the Chinese conglomerate will acquire a 23.7% stake in the Brazilian carrier for USD450 million. As Azul's single largest shareholder, HNA will be able to appoint new members to the board of directors.

“HNA Group sees in Azul a solid investment with high growth potential. The ...

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ch-aviation interview: Sanjeev S. Gadhia, CEO Astral Aviation
ch-aviation interview: Sanjeev S. Gadhia, CEO Astral Aviation

Founded in 2000, Astral Aviation is a Kenyan scheduled and chartered cargo provider operating throughout the country as well as throughout East as well as West Africa. ch-aviation caught up with founder and CEO Sanjeev Gadhia during the recent World Routes 2015 conference in Durban, South Africa.

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