by Arundhati Behera | Mar 7, 2023 | High Yield Bonds
Dollar bonds of Brazilian air carriers Gol and Azul jumped higher after both companies struck financing deals that would help ease its liability and cash concerns. Azul’s dollar bonds jumped by a massive 15 points after it struck an agreement with most of its...
by Amruth Sundarkumar | Feb 13, 2023 | Credit Ratings, High Yield Bonds
Brazilian carrier Azul’s dollar bonds fell by 8-10% after it was downgraded to CCC- from CCC+ by Fitch. The rating agency cited “high refinancing risks, operating cash flow pressure due to current and deferred leases payments, liquidity...
by Amruth Sundarkumar | Nov 30, 2021 | High Yield Bonds
Brazilian Azul Airlines announced that it is no longer making an offer to acquire LATAM airlines. Azul previously announced its intentions to buy the company, but decided not to bid after LATAM airlines announced its reorganization plans. Azul declared that...
by Amruth Sundarkumar | Nov 3, 2021 | Corporates, Distressed / Defaulted Bonds, High Yield Bonds
Brazilian airline Azul SA announced its interest in buying LATAM Airlines. The airline could purchase LATAM Airlines if the latter fails to complete its restructuring plan, which investors must accept by November 23, when the statutory limit ends. If LATAM manages to...
by bondevalue | May 27, 2021 | High Yield Bonds
Brazil’s airline Azul SA is said to be keen on buying Chile-based bankrupt LATAM Airlines Group’s Brazil operations. Even though the airline secured liquidity when filing for bankruptcy protection last year, it has not presented formal plans of restructuring....
