Azul said it is evaluating a potential primary public offering of preferred shares, the company said on March 24, 2025.
The Brazilian low-cost airline said it informed the market following an article by local outlet stating that Azul had started share offering process for up to 1bn Brazilian reals ($174.4 million). The company concluded its restructuring with nearly all bondholders, lessors, and OEMs, in late January 2025.
“As of the date hereof, the board of directors of the company has not approved the potential offering of preferred shares nor its terms and conditions, which remain subject to discussion and analysis,” the company read in a statement.
Azul said it will keep the market “duly informed” on the potential offering.