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Azul SA ( (AZUL) ) has provided an announcement.
On January 28, 2025, Azul S.A. announced the completion of its restructuring plan involving bondholders, lessors, and OEMs, resulting in the extinguishment of approximately US$1.6 billion in debt and the issuance of US$525 million in Superpriority Notes due 2030. The restructuring is set to improve Azul’s liquidity, cash generation, and leverage, notably reducing leverage from 4.8x to 3.4x based on the last twelve months’ EBITDA and decreasing interest payments by nearly R$1.0 billion starting in 2025. This strategic financial adjustment strengthens Azul’s capital structure and positions it more competitively within the airline industry, with favorable implications for stakeholders.
More about Azul SA
Azul S.A. is the largest airline in Brazil by number of flight departures and cities served, offering 1,000 daily flights to over 160 destinations. The company operates a fleet of over 180 aircraft and employs more than 16,000 crewmembers. Known for its extensive network of 300 non-stop routes, Azul was recognized as the most on-time airline globally in 2022 by Cirium and was awarded the best airline in the world by TripAdvisor in 2020.
YTD Price Performance: 28.98%
Average Trading Volume: 1,403,518
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $264.3M
Learn more about AZUL stock on TipRanks’ Stock Analysis page.
