Jerome Cadier, head of LatamBrasil, told local newspaper Valor Economico that LATAM Airlines Group S.A. (SNSE:LTM) is not considering a sale of its Brazilian operations, according to Bloomberg. The paper and Reuters reported earlier that Azul S.A. (BOVESPA:AZUL4) was in talks with aircraft leasing companies to prepare a bid for Latam Brazil. Trading in Latam Airlines shares was suspended on the Santiago Exchange after the shares dropped as much as 21.5% on 26 May 2021.

The stock in afternoon trading is down 8% to $2.74 in the U.S.