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Dubai's Dnata buys stake in Brazil airport services firm RM

DUBAI, United Arab Emirates- The company that runs Dubai- based airline Emirates says it has bought a majority stake in a Brazilian firm that provides ground handling services at two dozen airports in the South American country. The Emirates Group's air services arm Dnata said Wednesday its deal to buy a controlling stake in RM Ground Services is the division's...
Source: The Associated Press
UPDATE 2-China's HNA to buy $450 mln stake in Brazil airline Azul

SAO PAULO/ BEIJING, Nov 24- China's HNA Group partnered with JetBlue founder David Neeleman on Tuesday, agreeing to buy a $450 million stake in Azul SA, Brazil's third-largest airline, and providing a cash cushion until a much-delayed initial public offering proceeds. The 23.7 percent stake in Azul SA will be a first foray into Latin America for HNA Group, an...
Source: Reuters | By: Brad Haynes and Matthew Miller