Azul secures USD402m fuel loan
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Background ✨
Azul signed a definitive loan agreement with BNDES under the National Civil Aviation Fund programme, providing access to up to BRL2.66 billion in long term financing, with a first disbursement of about BRL1.3 billion on 29-Sep-2026 and the remainder expected in 4Q2026.1 The structure included prepaying an existing higher-cost obligation of around BRL400 million.1