Brazil’s Azul to move from NYSE American to NYSE

CADE’s Office of the General Superintendent approved American Airlines’ plan to buy about 8% of Azul S.A.’s equity as part of Azul’s restructuring. CADE said the deal poses no consumer or competition risks on Brazil-US passenger and cargo routes, found competition remains from other airlines, and cleared it unconditionally. The ruling is final unless the Tribunal reviews or Abra appeals within 15 days.

Brazil’s CADE approved American Airlines’ planned $100M investment in Azul without conditions. American will buy an 8.66% equity stake, with rights to appoint one Azul board member and a strategic committee representative. CADE said expanded codesharing and loyalty benefits are unlikely to harm competition despite some route overlap, and it rejected concerns from Abra Group.

Brazil · Business BNDES airline credit totaling R$8 billion (~US$1.48 billion) was announced on July 30, 2026, by Brazil’s national development bank to keep the country’s largest carriers airborne through a period of elevated jet-fuel prices. What the BNDES Airline Credit Covers The Brazilian Development Bank, known as BNDES, structured the facility as a working-capital credit line. It is designed to inject immediate liquidity into airlines facing a cash squeeze.

SK Hynix’s board approved Aug 7, 2026 capital of ₩54.3T ($38.0B) for two South Korea fabs. Yongin Y2 DRAM fab gets ₩35.2T ($24.6B) and Cheongju M17 NAND fab gets ₩19.1T ($13.4B). First meaningful output is no earlier than 2029. Article cites US has no HBM wafer capacity and packaging grants cover assembly, not wafers.

BP PLC fired Chairman Albert Manifold months after he took the role, citing serious concerns about governance standards, oversight, and conduct, according to BP’s board. BP shares fell about 9.3% after the news, with the stock at 529 pence in London. The move adds to leadership churn as BP seeks a turnaround under CEO Meg O’Neill.

SK Hynix is considering options for its Chongqing, China semiconductor packaging and testing facility, including possibly bringing in an investor to accelerate growth. People familiar said a potential stake sale could value the plant at about US$3 billion and SK Hynix may keep a minority stake. Separately, it plans a 54 trillion won (US$38 billion) South Korea expansion for DRAM and NAND.