Brazil's Azul reduces $1.6 billion in debt
Brazil’s Azul reduces $1.6bn in debt as it concludes restructuring process
Azul said the process included the termination of almost $1.6 billion in debt from its balance sheet, while it also raised $525 million in fresh money. The firm said that, with the conclusion of the talks, its financial leverage measured by a net debt to EBITDA ratio falls to 3.4 times from 4.8 times.
Azul S.A. (AZUL) announces successful debt restructuring, eliminating over $2.1 billion in financial obligations and securing ...
A planned merger between Brazilian airlines Gol and Azul would strengthen the sector and prevent either company from failing, ...
Azul, the largest airline in Brazil in terms of destinations served and daily flights, announced this Tuesday the conclusion of the negotiation process with its bondholders, lessors and aircraft ...
Azul (AZUL) announced this Tuesday the conclusion of the negotiation process with its bondholders, lessors and aircraft ...
Azul and Gol , two of Brazil's largest airlines, are moving a step closer to a sweeping merger that would create a dominant ...
Azul and Gol merger to boost Brazilian aviation industry, add routes, and improve efficiencies, with potential impact on ...
Brazil's Federal Ministry of Ports and Airports launched an unprecedented sustainability policy for these facilities as well ...
Abra—which also controls Colombia’s flag carrier Avianca—and Azul concluded the two Brazilian airlines have 90% complimentary ...
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