Airline

Azul estimates restructuring will cut leasing spend by $1.1bn

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Azul estimates restructuring will cut leasing spend by $1.1bn

Brazilian airline Azul expects its restructuring will reduce its leasing costs by "approximately R$5.4bn" (US$1.1bn) to 2027 "and beyond". The savings, the company believes, should see its leverage ratio, measured as net debt to the previous 12 months' EBITDA, decrease by 0.6x from 5.2x to 4.6x. Dis...

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