Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos) is not considering filing for Chapter 11 bankruptcy protection in the United States and is instead now negotiating with lessors to pay USD600 million for shares to settle its debt over the next three years, the company’s chief executive, John Rodgerson, told the newspaper Folha de S.Paulo in an interview.

“Since the Covid-19 pandemic, we have been negotiating contracts with our creditors and have agreed with the lessors that we will pay off the debt over the next…

Source: ch aviation
Read more: Brazil’s Azul nears deal with lessors, denies Chapter 11