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Azul’s $950 Million Lifeline Marks Final Chapter in Brazilian Aviation’s Painful Reckoning
Summary by The Rio Times
2 Articles
2 Articles
Azul’s $950 Million Lifeline Marks Final Chapter in Brazilian Aviation’s Painful Reckoning
Key Points Azul launches up to $950 million stock offering on NYSE as final step to exit Chapter 11 bankruptcy by late February, backed by United Airlines and American Airlines investments. Brazil’s three largest airlines—LATAM, GOL, and Azul—have now all undergone U.S. bankruptcy restructuring, eliminating over $2 billion in debt industry-wide. Existing shareholders face 80% […]
·Brazil
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The company had already gone to the debt market (bonds) last week, when it raised US$1.2 billion, maturing in 2031.
·Brazil
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Total News Sources2
Leaning Left0Leaning Right2Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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