SAO
PAULO, July 12, 2023 /PRNewswire/ -- Azul,
Brazil's largest airline in number
of flights and cities served, announced today the launch of a
public offering of senior secured notes due 2028. The offering is
part of the Company's long-term structuring plan.
"This offering represents an important milestone for Azul. It
brings us to the conclusion of a well-executed structuring
management plan to optimize our capital structure and improve our
liquidity. Azul is now set into a new chapter of accelerated
growth, new business opportunities and expansion of our domestic
and international operations. This plan was carried out in close
cooperation with our partners and honoring all our commercial
agreements" - said Azul´s CFO, Alex
Malfitani.
The colateral package of the offering comprises certain
receivables generated by the company's loyalty program (TudoAzul);
by the travel package business (Azul Viagens); and other
intellectual properties from the airline, excluding its logistics
business unit, Azul Cargo.
Azul will keep investors and the market in general updated on
the progress of the offering.
About Azul
Azul S.A. (B3: AZUL4, NYSE: AZUL), the largest airline in
Brazil by number of flight
departures and cities served, offers 1,000 daily flights to over
160 destinations. With an operating fleet of over 170 aircraft and
more than 13,000 Crewmembers, the Company has a network of 300
non-stop routes as of December 2022.
Azul was named by Cirium (leading aviation data analysis company)
as the most on-time airline in the world in 2022, being the first
Brazilian airline to obtain this honor. In 2020 Azul was awarded
best airline in the world by TripAdvisor, first time a Brazilian
Flag Carrier earns number one ranking in the Traveler's Choice
Awards. For more information visit www.voeazul.com.br/ir.
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SOURCE Azul S.A.
