FILE PHOTO: A logo of Azul Brazilian Airlines is seen on a plane's tail at International Airport in Guarulhos, Brazil July 11, 2018. Picture taken July 11, 2018. REUTERS/Leonardo Benassatto
SAO PAULO (Reuters) - Brazilian airline Azul SA has signed a non-binding agreement worth $105 million to buy certain assets of rival carrier Avianca Brasil, which is operating under bankruptcy court projection, according to a securities filing on Monday.
Azul said the agreement involves 70 pairs of airport slots and Avianca’s certification as an airline operator in Brazil.