AZUL Jan 2025 20.000 put
| Previous close | 11.80 |
| Open | 11.80 |
| Bid | 11.90 |
| Ask | 16.10 |
| Strike | 20.00 |
| Expiry date | 2025-01-17 |
| Day's range | 11.80 - 11.80 |
| Contract range | N/A |
| Volume | |
| Open interest | 119 |
ReutersAzul deal with lessors good news for planemaker Embraer, analysts say
A deal between Brazilian airline Azul and its lessors to swap more than $500 million in obligations for an equity stake is good news for planemaker Embraer, analysts say, as it reduces concerns about the debt load of a key customer. "A stronger Azul means a stronger Embraer," the carrier's chief executive, John Rodgerson, told Reuters on Tuesday after the deal with lessors was announced. Azul agreed to give them up to 100 million shares of the firm to eliminate obligations of around 3 billion reais ($541.16 million).
BloombergAzul Shares Jump After Deal With Lessors Slashes Debt
(Bloomberg) -- Azul’s shares jumped 16% in Sao Paulo trading after the Brazilian air carrier reached an agreement with its lessors and parts suppliers that helps cut its debt load.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilShould Evictions Be Banned After Hurric
ReutersBrazil's Azul eyes fresh capital raising after debt deal with lessors
SAO PAULO (Reuters) -Brazilian airline Azul is looking to raise fresh capital after it clinched a deal with lessors to scrap nearly $550 million in obligations, easing market concerns about its debt load, the firm's chief executive told Reuters on Tuesday. Shares in the carrier jumped after it announced the eagerly anticipated deal with lessors and equipment manufacturers (OEMs), agreeing to give them an equity stake to eliminate some obligations. "We had to solve this problem first and now we can raise capital," John Rodgerson said in an interview.
