Azul SA ( (AZUL) ) just unveiled an announcement.
Azul S.A. announced that the closing date for its lessors equity issuance is set for April 3, 2025. This issuance involves a private subscription of new non-voting shares, with lessors agreeing to subscribe for 96,009,988 preferred shares in exchange for eliminating obligations totaling approximately US$525 million. The company has also outlined a lock-up schedule for these shares, with releases planned from July 2025 to July 2026. Additionally, Azul plans to exchange US$274.6 million of debt into preferred shares by April 30, 2025, while exploring potential lock-up agreements with certain bondholders. These strategic financial maneuvers aim to strengthen Azul’s financial position and operational flexibility.
More about Azul SA
Azul S.A. is the largest airline in Brazil, offering approximately 1,000 daily flights to over 160 destinations. With a fleet of over 180 aircraft and more than 16,000 crew members, the company operates over 300 direct routes. Azul has been recognized for its punctuality and was named one of the most punctual airlines in the world by Cirium in 2023. In 2020, it was awarded the best airline in the world by TripAdvisor Travelers’ Choice.
YTD Price Performance: -1.14%
Average Trading Volume: 1,219,890
Technical Sentiment Signal: Buy
Current Market Cap: $212.1M
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