Azul says it favours “commercial solutions” over debt solutions to improve financial position

Brazilian airline Azul claimed a recent Bloomberg article was “misleading” and that is in “active negotiations with its main stakeholders” to improve its equity structure. The structure was agreed upon in its capital optimisation plan last year. The Bloomberg report said Azul had been considering debt solutions such as an equity offering or a US chapter 11 filing. The report had cited people familiar with the matter. Following the report on August 28, 2024, Azul’s stock plummeted to a record low. After issuing the statement, however, stock has seen a gradual uplift. In a statement by Azul, it said: “Azul