mtsupilot376
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Delta Connection carrier SkyWest Airlines announced plans to sell its 26% interest in the Brazilian airline Trip Linhas Aereas, according to The Salt Lake Tribune.
Utah-based SkyWest, Inc. will transfer ownership of its stake in the company to Trip Investimentos Ltda., a limited liability company affiliated with the Brazilian airline, for $42 million, to be paid in three installments over a two-year period.
Also included in the deal was an option for SkyWest to acquire a 15.38% interest in Trip Investimentos Ltda. within six years from the date it receives payment.
SkyWest initially invested $30 million in Trip Linhas Aereas in August 2008 and has said it anticipates recording a gain on the investment.
On Monday, Azul, the upstart Brazilian low-cost carrier that began operations in 2008, announced a merger with Trip, according to Dow Jones Newswires. Azul is headed by JetBlue Airways founder and former CEO David Neeleman.
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Utah-based SkyWest, Inc. will transfer ownership of its stake in the company to Trip Investimentos Ltda., a limited liability company affiliated with the Brazilian airline, for $42 million, to be paid in three installments over a two-year period.
Also included in the deal was an option for SkyWest to acquire a 15.38% interest in Trip Investimentos Ltda. within six years from the date it receives payment.
SkyWest initially invested $30 million in Trip Linhas Aereas in August 2008 and has said it anticipates recording a gain on the investment.
On Monday, Azul, the upstart Brazilian low-cost carrier that began operations in 2008, announced a merger with Trip, according to Dow Jones Newswires. Azul is headed by JetBlue Airways founder and former CEO David Neeleman.
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I am here: http://tapatalk.com/map.php?nj2odm