Brazil clears American's $100 million bet on Azul

Brazil's antitrust regulator gave final approval on October 7 for American Airlines Group Inc. (AAL) to take a roughly 8% stake in Azul for $100 million, overriding a challenge from the owner of rival Gol. The deal, tied to Azul's recent bankruptcy exit, deepens American's reach in Latin America. David Tepper holds the stock.