US investment fund Blackrock Investment Management has sold a portion of its preferential shares and American Depositary Receipts (ADRs) in Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos), reducing its stake in the Brazilian airline from 5.061% to 4.716%, Reuters reported.

The divestment follows reports that alleged Azul was in discussions with shareholders to optimise its equity structure and develop a new plan to improve its profitability and liquidity. The airline’s chief executive officer, John…

Source: ch aviation
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