Reported 1 day ago
Brazilian airline Azul aims to exit Chapter 11 bankruptcy proceedings early next year, focusing on financial restructuring while operations remain stable. Azul's vice-president, Fabio Campos, stated that they secured $250 million in debtor-in-possession financing to support ongoing operations and are not planning significant layoffs. Although a potential merger with competitor Gol is on hold, it remains a valid agreement.
Source: YAHOO