Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos) is now looking to raise fresh capital after securing a deal with 92% of its lessors and OEMs to strengthen its cash generation and eliminate approximately USD545 million from its current debt balance.

First reported by Reuters, the airline’s chief executive, John Rodgerson, said the company had to settle negotiations with the its remaining lessors and OEMs first. “And now we can raise capital. We can look forward and not backward.”

The…

Source: ch aviation
Read more: Brazil’s Azul eyes capital raise after lessor agreement