United acquire 5% of Azul Linhas Aereas

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MORE THAN FLY Group | United acquire 5% of Azul Linhas Aereas

The Azul Linhas Aéreas Brasileiras and United Airlines today celebrated a strategic long-term partnership in which the US company has invested $ 100 million for 5% of the economic value of the Brazilian airline.

The investment includes a codeshare agreement in which the companies will share routes between Brazil and the United States, and other destinations worldwide. This agreement must go through the approval of the Agência National Aviation Civil (ANAC) and the Conselho Administrativo de Defesa Econômico (CADE).

In addition, United now has a member on the Board of Directors of Azul, which will promote exchange of best practices, evaluation of opportunities for synergies and strategic initiatives.

MORE THAN FLY Group | United acquire 5% of Azul Linhas Aereas

Coverage and convenience

The partnership between the Brazilian companies will facilitate the access to the most diverse locations in the United States and other countries served by United. Together, the companies will offer connections to over 450 destinations and more than six thousand daily flights.

"This will be very good for our customers. With this partnership, they can go from Santos Dumont to Chicago or from Porto Alegre to Las Vegas, for example. All because United Airlines is one of the biggest and best airlines in the world, "said David Neeleman, founder and CEO of Azul.

"Brazil is an important market in our network of international flights and this partnership reinforces our presence in the country," said Jim Compton, Vice Chairman and CRO of United Airlines. "Together, we will offer our customers more convenience and connectivity inside and outside the country," concludes Compton.

More advantages for customers of Azul and United

The TudoAzul and MileagePlus loyalty programs have expanded benefits due to the agreement between Azul and United.

The first is the accumulation and the bilateral rescue, ie, Customers can accumulate points for TudoAzul flying United, as well as MileagePlus Customers can earn points flying Azul. David adds: "the most important is that they can also use their points TudoAzul to fly to any destination served by United in the world."

Through the partnership, TudoAzul Customers will still receive qualifying points on United flights, accelerating thus the conquest of categories such as Sapphire and Diamond.

About Azul

The Azul Linhas Aéreas Brasileiras is the airline with the largest number of destinations served in the country. The company has a fleet of 140 aircraft, more than 10,000 employees, more than 900 daily flights, approximately 100 destinations served and one third of the total landings of the country. The quality of its services has been attested by numerous awards, national and international. In 2015 she was elected for the fifth consecutive year by Skytrax World Airline Awards as "Best low-cost airline in South America." The Azul also received in 2013 the award for "Airline more Spot of South America", awarded by FlightStats, and was recognized as the most punctual airline in Brazil in 2014, according to the criteria of Infraero. That same year, the company was recognized as the best low cost airline in the world by CAPA - Centre for Aviation. 

About United

United Airlines and United Express operate approximately 5,000 flights a day to 373 airports on six continents. In 2014, United and United Express operated almost two million flights carrying 138 million customers. The United is proud to have the most comprehensive route network in the world, including the United States, with its main hubs in Chicago, Denver, Houston, Los Angeles, New York / Newark, San Francisco and Washington. The company owns a fleet of more than 700 and, this year, you should receive another 34 new Boeing aircraft including the 787-9 and the 737-900ER. United also will feature 49 new Embraer E175 aircraft which will be operated by United Express.

The airline is a founding member of Star Alliance, which provides service to 193 countries via 27 airlines in the alliance. More than 84 thousand employees of the United reside in every US state and in many countries worldwide.

By: Azul Press

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