English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

HNA acquires Brazil stake

Azul arriving at MCOHAIKOU, China: November 25, 2015. The HNA Group is to spend US$450 million for a 23.7 percent stake in Azul Brazilian Airlines, the country's third largest airline.

Earlier this month Azul began the first daily service between its hub at Belo Horizonte and Orlando, Florida (right). The company also operates daily flights from Fort Lauderdale / Miami and Orlando to São Paulo.

President of HNA Adam Tan said the stake in Azul, making his company the airline's largest single shareholder, was a reflection of HNA's commitment to strategic investments in companies with strong market position.

HNA, owner of Hainan Airlines, says it aims to benefit from the substantial traffic between Brazil and China.

Former founder of Jet Blue and current Azul CEO David Neeleman commented: "Considering Brazil's current macroeconomic situation, [the shareholding] demonstrates that we have a winning business model and that the HNA Group, as a large investor, has absolute confidence in Azul's team."

Last month HNA announced it would begin a non-stop Beijing-Manchester service next June. It will be Hainan Airlines' sixth international route following the launch of the Chongqing-Rome, Beijing-San Jose, Shanghai-Boston, Shanghai-Seattle and Beijing-Prague routes earlier this year.

HNA also purchased ground handler Swissport in July 2015 for CHF2.7 billion.

.

More News

Written on 19/10/2017, 16:33
kerr-to-leave-etihad-cargoABU DHABI, October 19, 2017. Etihad Cargo senior vice president David Kerr is to leave the organization at the end of 2017. The airline said his successor...
Written on 18/10/2017, 18:56
kn-profits-from-eurasia-rail-linksHAMBURG: October 17, 2017. Six months after its launch, Kuehne + Nagel (KN) has added points in northern China, Japan and South Korea to its Eurasia...
Written on 17/10/2017, 21:07
bbc-chartering-and-jumbo-create-project-cargo-allianceLEER, Germany/ SCHIEDAM, Netherlands: October 17, 2017. Heavylift and project cargo ocean carriers BBC Chartering and Jumbo have agreed to collaborate in...
Written on 17/10/2017, 15:53
compressors-support-turkmenistan-gas-for-chinaCALGARY: October 17, 2017. Bolloré Logistics China has chartered four AN-124-100 flights to ship compressor skids from Calgary, Canada to the vast...
Written on 16/10/2017, 19:43
freightweek-news-update-week-42MARIETTA, GA: October 19, 2017. Lockheed Martin has successfully completed the first flight of its LM-100J, the 17th version of its C-130J Super Hercules...
Written on 16/10/2017, 15:47
maserati-makes-an-entrance-at-naritaMODENA: October 16, 2017. Maserati chartered an Air Bridge Cargo Airlines 747-400 freighter for the Japan launch of its MY18 Maserati GranTurismo and...
Written on 13/10/2017, 18:36
apl-adds-to-guaranteed-service-suiteSINGAPORE: October 09, 2017. APL has renamed its two guaranteed service offerings 'Eagle Guaranteed' and added 'Eagle Go' to the suite with a guarantee of...
Written on 13/10/2017, 16:59
dp-world-to-expand-in-dominican-republicDUBAI: October 12, 2017. DP World is planning to expand its US$400 million Caucedo port operations in the Dominican Republic with a new 400-meter berth...
Written on 12/10/2017, 19:48
hawaii-to-meet-the-maxDALLAS: October 12, 2017. With 44 consecutive years of profitability, Southwest Airlines has announced it will begin service to Hawaii from the U.S....
Written on 12/10/2017, 18:43
skyteam-members-look-towards-joint-ventureGUANGZHOU/AMSTERDAM: October 12, 2017. China Southern Cargo and Air France KLM Martinair Cargo have taken the first step towards a joint venture with the...
Written on 12/10/2017, 16:17
turkish-airlines-outperforms-marketISTANBUL: October 12, 2017. Turkish Airlines reported a 25 percent year-on-year increase in air cargo carried to over 97,000 tons in September as traffic...
Written on 10/10/2017, 16:47
cargolux-signs-cargo-codeshare-with-emiratesDUBAI/LUXEMBOURG: October 10, 2017. Cargolux and Emirates SkyCargo have signed a cargo codeshare agreement for passenger and freighter services. Both...
Written on 10/10/2017, 15:24
freightweek-news-update-week-41PITTSBURGH, PA: October 15, 2017. A Qatar Airways Cargo Boeing 777 freighter arrived at Pittsburgh International Airport last Thursday as the airline's...
Written on 06/10/2017, 21:28
miami-and-iata-agree-air-cargo-outlook-remains-strongGENEVA: October 04, 2017. IATA reports a 12.1 percent year-on-year increase in freight tonne kilometers (FTKs) in August for its members, the fifth time...
Written on 06/10/2017, 17:05
more-flying-fish-from-emirates-sky-cargoCOLOMBO: October 03, 2017. Emirates Sky Cargo says Sri Lanka fish exports have been booming in the past 12 months following the lifting of European...
Written on 05/10/2017, 21:25
wal-mart-to-provide-a-new-parcel-serviceBENTONVILLE, AK: October 03 2017. Walmart has acquired Parcel, a technology-based, 24/7 service that uses routing algorithms to deliver perishable and...
Written on 05/10/2017, 20:44
french-fruit-exporter-acquires-danish-reefersTINGLEY, Denmark: October 03, 2017. British-registered Africa Express Line Ltd (AEL) has acquired 500 Star Cool integrated containers from Maersk...
Written on 05/10/2017, 19:36
qatar-cargo-adds-helsinki-as-finnish-pharma-industry-expandsDOHA: October 03, 2017. Qatar Airways Cargo has added Helsinki as its 74th pharma destination following the addition of Dublin in June this year. Chief...
Written on 05/10/2017, 16:53
volga-dnepr-returns-landshut-to-germanyFRIEDERICHSHAFEN, Germany. October 05, 2017. A former Lufthansa B737-200 aircraft, hijacked in 1977 by a faction of the Popular Front for the Liberation...
Written on 04/10/2017, 19:09
freightweek-news-update-week-40DOHA: October 08, 2017. Qatar Airways Cargo has taken delivery of its 13th B777 freighter. The airline's fleet now includes 22 freighters: eight A330F, 13...

- powered by Quickchilli.com -