Azul SA Strikes Deal to Improve Capital Structure

By Yahoo! Finance | Oct 9, 2024 at 07:02 AM EST

Azul S.A., Brazil's largest airline, has secured agreements to eliminate about R$3 billion in equity issuance obligations, in exchange for issuing up to 100 million new preferred shares. This strategic move aims to strengthen the company's financial position and improve its capital structure.

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