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UPDATE 1-United Airlines to pay $100 mln for Azul stake, for foothold in Brazil

2015-06-27 00:27:28| Airlines - Topix.net

United Airlines has agreed to pay $100 million for a 5 percent stake in Azul SA, Brazil's third-biggest airline, as it attempts to catch up with U.S. rivals with more established ties in South America's biggest air travel market. Azul's founder and chief executive, David Neeleman, who also founded JetBlue Airways Corp, announced the deal on Friday.

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