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Azul SA ( (AZUL) ) has shared an announcement.
On February 4, 2025, Azul S.A. announced a capital increase approved by its Board of Directors, as part of a restructuring strategy aimed at strengthening its financial condition. The initiative involves issuing new preferred shares to raise between BRL 1.5 billion and BRL 6.1 billion, granting pre-emptive rights to existing shareholders. This move is crucial for fulfilling obligations under agreements with lessors and equipment suppliers, enhancing cash flow by over USD 300 million through 2027, and involves restructuring superpriority notes and securing governance agreements with bondholders. An Extraordinary General Meeting is scheduled for February 25, 2025, to discuss essential matters related to the restructuring.
More about Azul SA
Azul S.A., the largest airline in Brazil by number of flight departures and cities served, operates over 1,000 daily flights to more than 160 destinations with a fleet of over 180 aircraft. The company, awarded as the most on-time airline in the world by Cirium in 2022, is renowned for its extensive network of 300 non-stop routes and was recognized as the best airline globally by TripAdvisor in 2020.
YTD Price Performance: 27.27%
Average Trading Volume: 1,423,615
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $262.2M
For a thorough assessment of AZUL stock, go to TipRanks’ Stock Analysis page.
