Brazil’s Azul Airlines Founder Wins Bid to Buy Portuguese Carrier TAP

Luciana Magalhaes – Wall Street Journal, 6/12/2015 

The Portuguese government said Thursday it decided to sell control of its national carrier, TAP Air Portugal, to an investor group led by David Neeleman, the founder of Brazil’s third-largest airline.azul-logo

Mr. Neeleman started Azul Linhas Aereas Brasileiras SA and founded U.S. airline JetBlue. He and Latin American tycoon German Efromovich, owner of Avianca Taca Holding SA, had bid for 61% of the Portuguese company.

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