SAO PAULO, Feb 21 (Reuters) - Brazilian airline Azul's AZUL.N board of directors has approved a capital increase as part of an out-of-court restructuring that gave lessors equity in lieu of nearly $550 million in obligations, the company said late on Thursday.
The capital increase of up to 3.37 billion reais ($591 million) came through the issuance of new shares, Azul said in a securities filing, with fresh investment from controlling shareholder David Neeleman, a serial aviation entrepreneur who also founded U.S. airline JetBlue JBLU.O.
Neeleman currently holds 67% of Azul's voting shares, with the other 33% being held by shareholders of Trip, an airline Azul acquired in the early 2010s. He is expected to lose control of the firm as part of the restructuring, but remain a major shareholder.
In addition to the equity swap with lessors and an agreement with bondholders for fresh financing, Azul is eyeing a potential tie-up with rival Brazilian airline Gol GOLL4.SA.
($1 = 5.7022 reais)
(Reporting by Gabriel Araujo in San Paulo; Editing by Nia Williams)
((Gabriel.Araujo2@thomsonreuters.com; +55 11 5047-3352;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。