Brazil’s third-largest airline, Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos), is considering filing for Chapter 11 after accumulating debts of USD5.35 billion since the Covid-19 pandemic began. Chapter 11 is one of several options reportedly under consideration by the beleaguered carrier, with others including another capital raising or a merger with another airline.

Bloomberg cites people familiar with the talks but notes that while discussions are underway, no decision on any Chapter 11 filing has been…

Source: ch aviation
Read more: Brazil's Azul mulls Chapter 11 among other options – report