United buys stake in Azul

Los Angeles Times - - HIGHWAY 1 -

United Air­lines said it bought a 5% stake in Brazil’s third- largest air­line for $ 100 mil­lion as a “strate­gic in­vest­ment.”

The stake in Azul Brazil­ian Air­lines gives United another foothold in South Amer­ica, paving the way for the car­ri­ers to co­op­er­ate on shar­ing f lights, adding con­nec­tions on routes be­tween the U. S. and Brazil, and ex­pand­ing their cus­tomer loy­alty pro­grams, the air­lines said.

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