Azul’s Creditors Prepare Team to Renegotiate US$400 Million Debt

The company founded by David Neeleman is now at an advanced stage of negotiation with aircraft lessors and banks.

RIO DE JANEIRO, BRAZIL - Following the banks and the aircraft lessors that own the planes leased by the airlines, Azul will need to face a discussion with the international creditors that bought its bonds issued in the foreign market.

The total liabilities with these bonds amount to US$400 million (R$2 billion) and mature in 2024. However, in October, another six-monthly interest payment is expected. Given the crisis in the sector worldwide caused by the novel coronavirus pandemic, it is unclear whether this disbursement will take place. The last payment occurred in April, in full.

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