Americas

Court approves Azul’s reorganisation plan and $650m backstop commitment

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Court approves Azul’s reorganisation plan and $650m backstop commitment

A US court has approved a Chapter 11 reorganisation plan and a $650 million backstop commitment agreement that are designed to recapitalise Azul, the bankrupt low-cost carrier.On Tuesday (November 4), the US Bankruptcy Court for the Southern District of New York approved both proposals, clearing the...

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