Azul SA (AZUL) has released an update.
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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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