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Hainan Airlines to cash out stake in Brazilian carrier Azul

Hainan Airlines said on Wednesday it planned to sell its entire holdings in Brazilian airline Azul SA, without disclosing any further details, The Paper reported. Hainan Airlines currently holds about 58.14 million shares of the Brazilian carrier, accounting for 17.95% of the total number of Azul’s preferred stock, 17.28% of the company’s economic benefits and […]

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