US EditionBrazil’s Azul reaches deal with unsecured creditors in Chapter 11 proceeding
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6 Articles
Brazil’s Azul Says It Reaches Deal With Unsecured Creditors
Azul SA said it reached an agreement with a committee representing the company’s unsecured creditors on a plan to advance the Brazilian airline’s financial restructuring following a bankruptcy filing in the US.
Brazil’s Azul reaches deal with unsecured creditors in Chapter 11 proceeding
RIO DE JANEIRO (Reuters) -Brazilian airline Azul reached a settlement with unsecured creditors, advancing its financial restructuring after having filed for Chapter 11 protection in May, the firm said on Saturday. The settlement represents a significant step in Azul’s Chapter 11 process, as it provides a clear path forward for the firm, it said in a statement. Azul was the latest Latin American carrier to file for bankruptcy, joining a list of a…
The Brazilian airline Azul reached an agreement with unsecured creditors, which represents a significant step forward in the company’s financial restructuring process to avoid bankruptcy. The company requested the protection of Chapter 11 last May and is the most recent case of a Latin American airline to declare bankruptcy, thus joining a list of airlines in the region that have been severely affected by the COVID-19 pandemic. After requesting …
The agreement represents a significant step in the Blue Chapter 11 process, as it provides a clear way forward for the company
Brazil’s Azul reaches deal with unsecured creditors in Chapter 11 proceeding - Regional Media News
RIO DE JANEIRO (Reuters) -Brazilian airline Azul reached a settlement with unsecured creditors, advancing its financial restructuring after having filed for Chapter 11 protection in May, the firm said on Saturday. The settlement represents a significant step in Azul’s Chapter 11 process, as it provides a clear path forward for the firm, it said in a statement. Azul was the latest Latin American carrier to file for bankruptcy, joining a list of a…
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