Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos) has two options to raise about USD400 million in new cash: a fresh financing accord with its existing ad hoc group of bondholders, or receiving capital that Jefferies Financial Group is trying to raise from other investors. The first option may entail a future debt-for-equity swap, while the latter would be based on a traditional convertible bond, according to Reuters. Meanwhile, Bloomberg reported that the Brazilian carrier has been having trouble finding takers for the full amount of USD400 million it needs to raise in…

Source: ch aviation
Read more: Brazil’s Azul struggling to find investors – report