Brazilian Airline Azul Reaches Commercial Agreements With Lessors And OEMs Representing Approximately 92% Of Share Issuance Obligations

T-Reuters

2024-10-08

Azul SA :Brazilian Airline Azul: Has Reached Commercial Agreements With Lessors And Oems Representing Approximately 92% Of Share Issuance Obligations.Brazilian Airline Azul: Lessors Agreed To Eliminate Their Pro-Rata Share Of Obligations Worth Around 3 Billion Reais In Exchange For 100 Million Preferred Shares In Azul.Brazilian Airline Azul: Transaction Is Conditional On Other Obligations Such As Raising Additional Financing.Brazilian Airline Azul: Negotiations Continue With Holders Of Remaining 8% Of Share Issuance Obligations As Well As Other Interested Parties.

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