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Azul Celebrates Successful Negotiations with Partners and Announces Strengthened Financial Position
After being affected by several external factors, such as exchange rate fluctuations and challenges in the global aviation supply chain, Azul announces the completion of negotiations with aircraft lessors and the signing of a support agreement with its main creditors, establishing an enhanced financial position and unlocking further growth.
SÃO PAULO, Oct. 28, 2024 /PRNewswire/ -- Azul, Brazil's largest airline by number of flights and destinations, today announces the completion of agreements with its aircraft lessors and bondholders. This agreement secures an investment of US$ 150 million to be funded this week, an additional US$ 250 million following the completion of relevant documentation and another US$ 100 million once other conditions under negotiation are finalized. With such agreements signed, the company successfully advances on its clear and friendly process to strengthen its balance sheet and cash position.
SÃO PAULO, Oct. 28, 2024 /PRNewswire/ -- Azul, Brazil's largest airline by number of flights and destinations, today announces the completion of agreements with its aircraft lessors and bondholders. This agreement secures an investment of US$ 150 million to be funded this week, an additional US$ 250 million following the completion of relevant documentation and another US$ 100 million once other conditions under negotiation are finalized. With such agreements signed, the company successfully advances on its clear and friendly process to strengthen its balance sheet and cash position.
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