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.
Azul finalizes debt restructuring, reduces financial leverage
This month, Azul entered into an agreement to consider a merger with competitor airline Gol. The company stated that the restructuring measures have led to a reduction in its expected interest payments for this year by almost 1 billion reais ($170.7 million).
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.
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 ...
Brazil approves Gol-Azul merger to transform aviation industry
In the face of Latin American airline losses due to the current high cost of living, the government's financial intervention may boost the sector.
Brazil Azul says it concluded debt restructuring process
Brazilian airline Azul said on Tuesday it has finalized a debt restructuring process regarding financial obligations with ...
Azul CEO says merger with Gol will bolster Brazil's aviation industry: report
Azul and Gol merger to boost Brazilian aviation industry, add routes, and improve efficiencies, with potential impact on ...
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Foreign travelers contribute significantly to Brazil's economy in 2024
Foreign travelers brought in US$7.341 billion in revenue to Brazil last year, the South American country's Central Bank (BCB) ...
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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 ...