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 ...
Brazil's Federal Ministry of Ports and Airports launched an unprecedented sustainability policy for these facilities as well ...
Azul and Gol , two of Brazil's largest airlines, are moving a step closer to a sweeping merger that would create a dominant ...
Azul (AZUL) announced this Tuesday the conclusion of the negotiation process with its bondholders, lessors and aircraft ...
Azul and Gol merger to boost Brazilian aviation industry, add routes, and improve efficiencies, with potential impact on ...
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Abra—which also controls Colombia’s flag carrier Avianca—and Azul concluded the two Brazilian airlines have 90% complimentary ...
LATAM declined to comment on the matter. Gol and Azul's flights at Brazil's biggest airports will likely be on the chopping block, Castellini said, adding LATAM could take over some of those ...
Azul (AZUL) and Abra, the majority investor of Gol and Avianca, have signed a non-binding Memorandum of Understanding, or MoU, with the intent ...
Foreign travelers brought in US$7.341 billion in revenue to Brazil last year, the South American country's Central Bank (BCB) ...
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