American Airlines Gets Brazil Approval for Azul Investment, CADE Says
MT newswire2026/10/07 18:2802:28 PM EDT, 10/07/2026 (MT Newswires) -- American Airlines (AAL) received approval from Brazil's Administrative Council for Economic Defense, or CADE, to acquire an approximately 8% stake in Azul, CADE said Wednesday. The transaction involves a $100 million investment as part of Azul's financial restructuring under Chapter 11. CADE approved the transaction through a Concentration Control Agreement, or ACC, under which safeguards addressing identified competition risks will become directly enforceable obligations before the agency. The ACC includes governance and information-sharing safeguards and regulates future changes in the companies' corporate structure, the agency added. American Airlines didn't immediately respond to MT Newswires' request for comment. Price: 12.78, Change: -0.22, Percent Change: -1.69
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