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.
A planned merger between Brazilian airlines Gol and Azul would strengthen the sector and prevent either company from failing, ...
Azul S.A. (AZUL) announces successful debt restructuring, eliminating over $2.1 billion in financial obligations and securing ...
Azul (AZUL) announced this Tuesday the conclusion of the negotiation process with its bondholders, lessors and aircraft ...
Azul and Gol shares rose sharply on Thursday, following the announcement of a proposed merger between the two Brazilian ...
Azul and Gol merger to boost Brazilian aviation industry, add routes, and improve efficiencies, with potential impact on ...
Abra—which also controls Colombia’s flag carrier Avianca—and Azul concluded the two Brazilian airlines have 90% complimentary ...
Gol and Azul propose to maintain separate brands while coordinating their finances, networks and product offerings.
Azul (AZUL) and Abra, the majority investor of Gol and Avianca, have signed a non-binding Memorandum of Understanding, or MoU, with the intent ...
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 ...
Brazil's Federal Ministry of Ports and Airports launched an unprecedented sustainability policy for these facilities as well ...
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