AMERICAS DISTRESS DAILY: Azul Reaches Deal to Cut $2b of Debt

Azul has reached an agreement with a committee representing the Brazilian airline’s unsecured creditors on a plan to advance the company’s financial restructuring following a bankruptcy filing in the US.

• The agreement is a step forward in the company’s restructuring process, which aims to slash more than $2 billion in debt.
• The company hopes to exit bankruptcy as soon as early 2026.
• A New York court will hold a hearing on Monday to approve the terms of the agreement.

In Other News:

• Failed digital currency business Axia sought US bankruptcy court recognition of its Cayman Islands-based liquidation and a halt ...