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Brazil's Azul reduces $1.6 billion in debt

Brazil's Azul reduces $1.6 billion in debt as it concludes restructuring process

SAO PAULO (Reuters) -Brazilian airline Azul said on Tuesday it has finalized a debt restructuring process regarding financial obligations with bondholders, suppliers and plane lessors, according to a securities filing.

Investing on MSN · 1h

Azul finalizes debt restructuring, reduces financial leverage

This month, Azul entered into an agreement to consider a merger with competitor airline Gol. The company stated that the restructuring measures have led to a reduction in its expected interest payments for this year by almost 1 billion reais ($170.7 million).

Business Recorder · 7h

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.

Brazil, Gol Transportes Aéreos and Azul

Hosted on MSN · 18h

Brazil government supports Gol-Azul merger to strengthen airline sector

A planned merger between Brazilian airlines Gol and Azul would strengthen the sector and prevent either company from failing, Brazil's ports and airports minister told Reuters, giving the potential move a key government nod.

Seeking Alpha on MSN · 2d

Azul CEO says merger with Gol will bolster Brazil's aviation industry: report

Azul and Gol merger to boost Brazilian aviation industry, add routes, and improve efficiencies, with potential impact on competition and fares.

Airways · 18h

Brazilian Government Endorses Gol-Azul Merger

The Brazilian government has expressed its support for the potential merger between Brazil’s two low-cost carriers (LCC), GOL Linhas Aéreas Inteligentes (G3) and Azul Linhas Aéreas Brasileiras (AD). The government cites the merger's importance in stabilizing the aviation sector and safeguarding employment.

11h

Azul concludes negotiations worth over $2.4B with bondholders and OEMs

Azul (AZUL) announced this Tuesday the conclusion of the negotiation process with its bondholders, lessors and aircraft ...

12don MSN

Azul and Gol stocks surge on potential merger talks: what investors should know

Azul and Gol shares rose sharply on Thursday, following the announcement of a proposed merger between the two Brazilian ...

Aviation Week13d

Abra And Azul Make The First Move To Build A Fortress In Brazil

Abra—which also controls Colombia’s flag carrier Avianca—and Azul concluded the two Brazilian airlines have 90% complimentary ...

Bloomberg L.P.13d

Azul, Abra Open Talks to Merge as Brazil’s Biggest Airline

Azul, Abra Open Talks to Merge as Brazil’s Biggest Airline Deal would need approval from Brazil’s antitrust regulators Gol’s parent company Abra would be biggest shareholder ...

13d

Azul and Abra sign non-binding MoU to combine businesses in BrAZIL

Azul (AZUL) and Abra, the majority investor of Gol and Avianca, have signed a non-binding Memorandum of Understanding, or MoU, with the intent ...

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