Azul bondholders agree to proposed exchange offer

Azul has confirmed that a group accounting for roughly 86% of holders of bonds expiring in 2024 and 2026 have agreed to the exchange offer proposed by the company to delay its maturities to 2029 and 2030. The offer had been announced by the company earlier this month as part of a broader restructuring plan that also included deals with aircraft lessors for lower payments, with initially 65.5% of the bondholders having agreed with it. Speaking to Reuters, Alex Malfitani, chief financial officer, Azul said: “It’s a very positive figure. That leaves us in a very solid financial position, with no more doubts on