US Edition
American and United Lock In $300M Azul Investment
3 Articles
3 Articles
American and United Lock In $300M Azul Investment
Key Points — Azul finalized amended investment agreements with American Airlines and United Airlines totaling $300 million — $100 million from each carrier plus $100 million from existing creditors — as the Brazilian airline targets a Chapter 11 exit by late February — The investments are part of a broader $950 million equity raise that […]
The company founded by David Neeleman will receive a capital injection with the aim of getting out of the settlement process in the United States, which was requested in May last year. The large American companies v injecting 200 billion is EUR, but value can still grow.
United Airlines and American Airlines have pledged to inject $200 million (€169 million) in Brazilian Blue to support the implementation of their restructuring plan and operations after the departure of the Chapter 11 process, according to Azul in a statement. Each company will contribute 100 million [...] United Airlines and American Airlines will inject 169 million to Azul to support its restructuring plan aparece primero en Forbes España.
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