JetBlue and Azul Brazilian Airlines Grow Closer

When Brazil's No. 3 airline, Azul, unveiled plans to begin flying to the U.S., it ignited speculation about whether it would partner with JetBlue Airways (NASDAQ:JBLU). After all, the two airlines were both founded by Brazilian-American businessman David Neeleman. (They are also both named after the color blue!) Initially, the speculation didn't lead to any action. Last year, Azul Brazilian Airlines seemed to lean in a different direction, partnering with United Continental (NYSE:UAL). At that time, United also bought a 5% stake in Azul for $100 million