United Airlines late last week moved for a 5% stake in Azul SA for around US$100m. Azul’s founder and chief executive, David Neeleman, announced the deal on Friday in Sao Paulo. United Continental Holdings Inc will name a representative to Azul’s board, and the two airlines have struck a codesharing agreement subject to regulatory approvals. The deal will no doubt give Azul more time to launch an IPO following the purchase of 61% in Portuguese flag carrier TAP this month as United is to make the investment in the form of a capital injection. The move by Neeleman could be

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