Azul Submits Restructuring Plan to NY Court: Valor

Azul submitted its restructuring plan to the NY court overseeing the proceedings on the evening of Sept. 16, Valor reports without citing the source of the information.

• The plan lists as a goal the elimination of approximately $2 billion in debt from the company’s balance sheet
• Azul wants to raise around $950 million through a share offering, according to Valor

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Original Story:Azul apresenta plano de reestruturação à corte de NY: Valor

To contact the translator on this story:
Ney Hayashi in Sao Paulo at ncruz4@bloomberg.net

Reporter on the original story: ...