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JetBlue Founder Neeleman Sees Turnaround at Brazil’s Azul and Portugal’s TAP

While the world is focused on the Rio Olympics and Brazil's economic and political woes, Azul is quietly gaining ground from the back of the pack. The finish line, though, is still out of sight.

Portugal Reviewing New Bids From Avianca and Azul for Majority Stake in TAP

At the end of the day, Portugal needs to unload the airline, despite what Azul or Avianca finally offer for it.