Azul's Capital Increase Approved
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airline AzulReuters
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World
Brazil's Azul approves capital increase with Neeleman investment
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79% Informative
Brazilian airline Azul 's board of directors has approved a capital increase as part of an out-of-court restructuring.
The capital increase of up to 3.37 billion reais ( $591 million ) came through the issuance of new shares.
David Neeleman , a serial aviation entrepreneur who also founded U.S. airline JetBlue , is expected to lose control of the firm.
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