China’s HNA takes 23.7% stake in Brazil’s Azul Airlines

China’s HNA Group Company Limited and Azul Brazilian Airlines recently announced a new strategic partnership where the HNA Group will acquire a 23.7 per cent stake in Azul, Brazil’s third largest airline, aiming to benefit from substantial passenger traffi c between China and Brazil, which are strong global trade partners.


China’s HNA Group Company Limited and Azul Brazilian Airlines recently announced a new strategic partnership where the HNA Group will acquire a 23.7 per cent stake in Azul, Brazil’s third largest airline, aiming to benefit from substantial passenger traffi c between China and Brazil, which are strong global trade partners.

HNA Group will assume the role of single largest shareholder of Azul, and will appoint new members to the board of directors. Th rough the partnership, the companies will cooperate in the development of code sharing, new route development, and expand the loyalty participation programmes.

Th is global partnership joins together two of the largest players in two of the fastest-growing aviation markets in the world. Azul is the largest airline in Brazil by number of cities served, offering more than 900 daily flights to more than 100 destinations. With a fleet of 145 aircraft Azul operates approximately one-third of the daily departures of the Brazilian aviation market.

HNA Group owns the fourth largest airline group in terms of fleet size in the People’s Republic of China and operates a fl eet of 561 aircraft. It operates scheduled domestic and international service on more than 630 routes from locations throughout the People’s Republic of China and internationally.