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Azul Airlines: Founder Faces Minority Discontent after TAP Share Sale Agreement

RIO DE JANEIRO, BRAZIL - Airline owner and founder David Neeleman, creator and owner of Azul, is now better able to move on to his next venture back in the United States - the new low-cost airline called Breeze Airways.

After halving his economic stake in Azul from six percent to three percent, and freeing himself of a US$30 million (R$150 million) personal debt, he has now sold his shares in the . . .

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