US investment fund Blackrock Investment Management has announced the acquisition of more preferential shares and American Depositary Receipts (ADRs) in Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos), upping its percentage of outstanding preferred shares in the Brazilian airline to 5.061% as of July 4, according to a filing to the market.

Blackrock has denied any interest in changing the airline’s control or management structure. In aggregate, the hedge fund’s preferred shares increased to 16,171,414, and…

Source: ch aviation
Read more: Brazil’s Azul sees Blackrock grow shareholding to 5+%