SAO PAULO, Feb 20 (Reuters) - Brazilian airline Azul formally exited its bankruptcy proceedings in the United States on ...

The carrier is working to emerge from Chapter 11 bankruptcy.

Brazil’s Azul increased fourth quarter revenue and profit in 2023, as it tapped into new markets while keeping costs in check. Earnings before interest, tax, depreciation and amortization (EBITDA) at ...

Brazilian carrier Azul has concluded its restructuring by agreeing with bondholders, lessors and aircraft manufacturers to eliminate R$12.3 billion ($2.1 billion) in debt. “Faced with a challenging ...

Azul's 2Q24 includes negative one-time events, including BRL depreciation and RGS floods, leading to pre-FX losses of BRL 800 million. Despite good operating and EBITDA margins, Azul's high debt costs ...

Company initiates pre-arranged restructuring process in the United States to effectuate agreements including approximately US$1.6 billion in debtor-in-possession financing. Agreements to secure exit ...

Azul’s debt restructuring efforts failed to address liquidity issues despite capital raises and debt-for-equity swaps. A ~62% capital dilution left investors disappointed, increasing financial ...

This huge cooperation agreement between two of Brazil's three largest airlines will do little to quell speculation that a merger between Azul and Gol could be on the horizon. Two of the biggest ...

Azul, the only company 100% focused on Java, today announced that it has entered into a definitive agreement to receive a majority strategic investment from Thoma Bravo, a leading software investment ...