Azul S.A. (AZUL)
After hours:
- Bloomberg
Azul Shares Slump as Airline Looks at Options to Rework Debt
(Bloomberg) -- Azul SA shares slumped to a record low Thursday as people familiar with that matter said the Brazilian airline is weighing options from an equity offering to a Chapter 11 filing to address approaching debt obligations. Most Read from BloombergDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urb
- Reuters
Brazil airline Azul not weighing Chapter 11, CEO says
SAO PAULO (Reuters) -Azul is not planning on filing for Chapter 11 bankruptcy protection, the Brazilian airline's CEO told Reuters, contradicting reports which caused the carrier's shares to nosedive on Thursday. CEO John Rodgerson said in an interview that Azul was financially healthy and in "friendly negotiations" with its partners, including aircraft lessors, due to the depreciation of Brazil's real. A number of Latin American airlines have undergone Chapter 11 bankruptcy proceedings after the COVID-19 pandemic disrupted travel, including Aeromexico, LATAM Airlines and most recently Azul's direct competitor in Brazil, Gol.
- PR Newswire
Azul Entrusts Viasat to Deliver Advanced In-Flight Connectivity to Airbus A330-900neo Fleet
Azul, the largest airline in Brazil by number of departures and cities served, and Viasat Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced that seven aircraft in Azul's new Airbus A330-900neo fleet will be equipped with Viasat's trusted Ka-band in-flight connectivity solution, with the first aircraft scheduled to enter service next year.
