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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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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Gol and Azul propose to combine their businesses in Brazil
Gol and Azul propose to maintain separate brands while coordinating their finances, networks and product offerings.
Azul and Abra to combine their businesses in Brazil
Azul and Abra sign MoU to combine businesses in Brazil, positioning the companies for global strength in the aviation ...
Azul, Gol draw closer to potential partnership to form major Brazil airline
Azul Chief Executive John Rodgerson said in an interview that the combined carrier, which would continue operating two separate brands despite the combined ownership, would be 'a national champion' ...
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Brazilian Government Endorses Gol-Azul Merger
DALLAS — The Brazilian government has expressed its support for the potential merger between Brazil’s two low-cost carriers (LCC), GOL Linhas Aéreas Inteligentes (G3) and Azul Linhas Aéreas ...