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United Airlines’ expanded minority stake in Azul cleared by Brazil CADE

( February 11, 2026, 20:06 GMT | Official Statement) -- Brazil’s antitrust tribunal has approved, without restrictions, United Airlines’ plan to raise its minority stake in Azul from 2.02 percent to roughly 8 percent — a move tied to Azul’s Chapter 11 restructuring in the US. The decision upheld an earlier green light from the agency’s Superintendence but followed an appeal by consumer research group IPS Consumo, prompting the case’s review by the Tribunal.See statement below:...

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