Azul receives final court approval for USD1.6bn DIP financing
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Background ✨
Azul entered into restructuring support agreements with key stakeholders including AerCap, United Airlines and American Airlines, aiming to eliminate over USD2 billion of debt and secure up to USD950 million in further equity financing upon emergence from Chapter 11. The agreements included a USD1.6 billion debtor-in-possession financing commitment, with repayment to be made via an equity rights offering and additional equity investment from United and American Airlines, subject to conditions1 2.