Azul S.A. Advances Financial Restructuring Efforts

Azul SA (AZUL) has released an update.

Azul S.A., Brazil’s largest airline by flight departures, is progressing with its financial restructuring plan aimed at enhancing liquidity. The company plans to issue superpriority notes worth up to $500 million, contingent on successful exchange offers and consent solicitations with bondholders. Azul anticipates completing these transactions by mid-January 2025, which will significantly bolster its financial position.

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