Hainan Airlines sells remaining stake in Brazil’s Azul for $306m

Hainan Airlines
FILE PHOTO: A customer (L) stands in front of a counter of Hainan Airlines at an airport in Haikou, Hainan province, China, July 29, 2014. REUTERS/Stringer/File Photo

China’s Hainan Airlines said on Friday it had sold its remaining stake in Brazilian airline Azul SA in a deal that netted it $306.25 million after deducting underwriting fees.

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