Originally Posted by
irishguy28
Azul Brazilian airlines is not a European entity; and therefore it cannot own more than 49% of any European airline.
TAP has not been sold to Azul. It has been sold to an investor group called Gateway, of whom the lead investor is David Neeleman.
Actually, Gateway hasn't purchased the shares yet. It has only entered into an agreement to make the purchase. Nothing has been sold yet.