Azul concludes negotiations worth over US$ 2.4 billion with its bondholders, lessors and OEMs

Core Insights - The company has successfully completed a restructuring process that eliminated US$2.1 billion in debt and financial obligations while securing US$ 525 million in new capital [1][2][4] Financial Restructuring - The negotiation process involved converting US$557 million in instruments held by lessors and OEMs into 94 million preferred AZUL4 shares, and converting over US$ 785 million of financial debt maturing in 2029 and 2030 [2][3] - The restructuring is expected to improve cash flow by more than US$ 300 million until the end of 2027 and will deleverage the company by approximately 1.4x on a pro-forma basis using 3Q 2024 figures [5] Operational Context - The company faced significant challenges in the previous year, including currency devaluation, high operational costs due to aviation fuel prices, litigation rates, global supply chain issues, and natural disasters [3] - Despite these challenges, the company managed to reach amicable agreements with investors and partners, demonstrating strong market trust [3] Future Outlook - The company plans to add 15 new Embraer E2 aircraft to its fleet within the year, which is expected to enhance its operational capabilities and expand access to air travel across Brazil [6]