Brazilian airline Azul SA said on Monday it intends to pay $105 million for cert...
An airplane of Avianca takes off as an Azul plane sits on the tarmac at Santos Dumont airport in Rio de Janeiro, Brazil March 11, 2019. REUTERS/Sergio Moraes
Azul said the non-binding purchase agreement would involve 70 pairs of slots, which grant airlines the rights to operate regular flights between airports. Azul did not disclose how it would be able to take over the leases and the airline did not immediately respond to a request for comment.
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