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An update from Azul SA ( (AZUL) ) is now available.
Azul S.A. announced it has reached an individual settlement agreement with the National Treasury Attorney’s Office and the Special Secretariat of the Federal Revenue of Brazil to restructure its tax liabilities. This agreement, which renegotiates approximately R$2.9 billion in debts, will significantly reduce Azul’s financial obligations through the conversion of judicial deposits, use of tax losses, and reductions in interest and fines. The remaining balance will be paid over 60 months for social security debts and 120 months for other debts, impacting Azul’s financial statements positively. This strategic move aims to enhance Azul’s financial stability and improve its market position.
More about Azul SA
Azul S.A. is the largest airline in Brazil by the number of flight departures and cities served. The company offers 1,000 daily flights to over 160 destinations with an operating fleet of over 180 aircraft and more than 16,000 crewmembers. Azul has been recognized for its punctuality and service quality, being named the most on-time airline in the world by Cirium in 2022 and the best airline in the world by TripAdvisor in 2020.
YTD Price Performance: 0.0%
Average Trading Volume: 1,518,553
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $205.9M
See more insights into AZUL stock on TipRanks’ Stock Analysis page.
