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Brazil's Azul to file for Chapter 11 bankruptcy protection, Valor reports
Azul's move would follow in the footsteps of Aeromexico, Colombia-based Avianca and its two largest rivals, Gol and LATAM Airlines, all of which succumbed to bankruptcy proceedings in recent years. Azul last year struck a deal with lessors to scrap $550 million in debt in exchange for an equity stake of around 20%, as well as one with bondholders to raise additional financing, but its balance sheet remained severely pressured.
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finance.yahoo.com
Brazil's Azul to file for Chapter 11 bankruptcy protection, Valor reports
Azul's move would follow in the footsteps of Aeromexico, Colombia-based Avianca and its two largest rivals, Gol and LATAM Airlines, all of which succumbed to bankruptcy…
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Shares of China's Xiaomi set to rise 2.3% after reporting record profit
Shares of China's Xiaomi were set to rise 2.3% on Wednesday after it reported a record first-quarter revenue and profit and said its shift towards higher-end products from…
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ilsole24ore.com
La compagnia brasiliana Azul ad un passo dalla bancarotta
Il vettore ha fatto ricorso al «Chapter 11» presso il Tribunale americano per ristrutturare i debiti seguendo la strada di altri suoi concorrenti