Azul Airlines’ Stock Soars 20% on Debt Restructuring Progress

Azul Airlines, Brazil’s third-largest carrier, saw its stock surge nearly 20% following news of significant progress in its debt restructuring efforts. The company is nearing a deal with aircraft lessors to exchange equity for about $600 million in debt, potentially averting the need for Chapter 11 bankruptcy protection. Key developments in Azul’s financial restructuring: Equity-for-debt […]