Brazil's Azul close to new debt deal with lessors, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 13 2024
0mins
Source: Reuters
Azul Airlines' Debt Restructuring: Brazilian airline Azul is negotiating a deal with lessors to settle approximately $600 million in debt by offering them equity stakes, as the company aims to avoid Chapter 11 bankruptcy amidst significant financial struggles.
Market Challenges and Future Plans: Azul's shares have plummeted over 70% this year due to adverse market conditions, but the new agreement with lessors could facilitate raising additional funds from bondholders and potentially lead to a partnership with Gol's parent company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
