Azul wins court nod for debt restructuring, American and United to invest
A U.S. bankruptcy judge on Friday approved Azul's debt restructuring, allowing the Brazilian airline to slash more than $2 billion in debt and raise capital through a new equity rights offering and investment from American Airlines and United Airlines. Azul had filed for Chapter 11 bankruptcy in New York in May, aiming to cut its debt and make its business more resilient to market challenges like fluctuations in fuel prices and currency exchange rates. <https://ytezitcab.cc.rs6.net/tn.jsp?f=001yr2q4RSuh519Cbwd5i4bdg4zTt0pWjTInM 8EU7Gd9tXL8J63mFeyjrf-3vv4r0R-dSv3nO3pWMAzeZbYGqC4SP6l0EOBlozthBz-5TA0jNoqec KwrUaKghuAsqCwnRaDeNYcy0Wa76-GFLDeL43Ax0Nks_YqWJ2rz2X9azyOK41XOcIS6t_gEMJrMt aJ8_UEC85USHC0ziZXUThrfP4zo90tY8y_QAliFH6K4YehV29E6FnspPNUvTITY2ApnJcJ8OclL7 z7C3esd_Ardfaor4mU6MQfA5j4&c=JiXdFgznCZFBj1n0sqy7JgknaJdkFE_nFtg5A1gd3R3YGxj Y-1HMcg==&ch=vnlfGwkEUNMLCLTrGGpbCDyS7WIe2xAjCYC42pEQvtkR0So2Ua9xwQ==> Gabriel Araujo & Dietrich Knauth/Reuters
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