Brazil's Azul reduces $1.6 billion in debt
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.
Brazil, Gol Transportes Aéreos and Azul
Azul S.A. (AZUL) announces successful debt restructuring, eliminating over $2.1 billion in financial obligations and securing ...
Abra—which also controls Colombia’s flag carrier Avianca—and Azul concluded the two Brazilian airlines have 90% complimentary ...
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 ...
Airlines in Brazil are hit by high taxes ... a lawyer specialized in aviation law. Gol and Azul have likely "gotten that thumbs up from the government, and they see a real possibility (of the ...
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Since its creation as a new entity in 2023, Latin American airline group Abra has worked to forge additional consolidation in the region. Now as it plans to combine Brazilian operators Azul and GOL, ...
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