American Airlines takes 7.9% stake in Azul (insideflyer.com)

American Airlines completed a $100 million investment in Brazilian carrier Azul, acquiring approximately 7.9% through 31,838,775 common shares and placing alliances executive Jeff Ogar on Azul's board. United Airlines made a matching $100 million investment through Azul's February public offering. Any broader commercial partnership, including loyalty or schedule changes, remains contingent on antitrust immunity and none has been announced.