RIO DE JANEIRO, BRAZIL - The Portuguese government's €1.2 billion (R$7.2 billion) aid package to TAP airlines will have an impact on Azul here in Brazil. The Brazilian airline, founded by David Neeleman, indirectly holds a six percent stake in the Portuguese company since the second quarter of 2019, and is also a TAP creditor, after the acquisition four years ago of a US$90 million (R$482 million) convertible bond maturing in 2026. This debt would entitle the company to an equity participation . . .
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