Brazil's Azul reduces $1.6 bln in debt as it concludes restructuring process
Brazilian airline Azul said on Tuesday it has finalized a debt restructuring process regarding financial obligations with bondholders, aircraft makers and firms that lease planes, according to a securities filing.
Azul concludes restructuring with ‘extinction’ of $2.1bn debt
Brazilian carrier Azul has concluded its restructuring process by agreeing with bondholders, lessors and aircraft manufacturers to eliminate R$12.3 billion ($2.1 billion) in debt.
Gol, Azul plan Brazil airline merger
Brazil airlines Azul and GOL are set for merger talks which could create the dominant player in aviation in the country. They signed a MoU after getting tentative approval from Brazilian President Lula da Silva. The plan is to combine the businesses of Azul and GOL parent Abra. It would give the new business a 60% share of the aviation market.
Brazil's Azul reduces $1.6 billion in debt as it concludes restructuring process
SAO PAULO (Reuters) -Brazilian airline Azul said on Tuesday it has finalized a debt restructuring process regarding financial obligations with bondholders, suppliers and plane lessors, according to a securities filing.
Brazil’s Azul reduces $1.6bn in debt as it concludes restructuring process
Azul said the process included the termination of almost $1.6 billion in debt from its balance sheet, while it also raised $525 million in fresh money. The firm said that, with the conclusion of the talks, its financial leverage measured by a net debt to EBITDA ratio falls to 3.4 times from 4.8 times.
S&P downgrades Brazilian airline Azul following distressed debt exchange
Brazilian airline Azul S.A. has seen its credit ratings downgraded by S&P Global Ratings following a distressed debt exchange. The company recently completed the settlement of its announced debt exchange for its 2028,
Brazil government supports Gol-Azul merger to strengthen airline sector
A planned merger between Brazilian airlines Gol and Azul would strengthen the sector and prevent either company from failing, ...
Azul soars after announcing restructuring developments
Azul S.A. (AZUL) announces successful debt restructuring, eliminating over $2.1 billion in financial obligations and securing ...
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Brazilian airline merger would boost aviation sector, says Azul boss
Simply sign up to the Airlines myFT Digest -- delivered directly to your inbox. The boss of Brazilian airline Azul has argued that its planned merger with rival Gol to create the country’s ...
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Gol and Azul propose to combine their businesses in Brazil
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Azul CEO says merger with Gol will bolster Brazil's aviation industry: report
The merger of Brazilian airlines Azul (NYSE:AZUL) and Gol Linhas Aéreas Inteligentes (OTCPK:GOLLQ) will bolster the country’s aviation industry and expand routes, Azul Chief Executive John ...
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Analysis-Azul-Gol airline merger could be a 'necessary evil' in bumpy Brazil market
Gol and Azul have likely "gotten that thumbs up ... Given current travel demand in Brazil, only two airlines are needed to operate in the country, Seaport Research Partners analysts argued in ...
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Foreign travelers contribute significantly to Brazil's economy in 2024
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