Azul’s Board Approves Capital Increase of BRL1.5B-BRL6.1B (1)

(Updates to say in the 1st bullet point that the capital increase will be made through private subscription of shares.)

• The capital increase through private subscription of shares will make the company issue at least 47 million new preferred shares, according to a company filing
• Company could issue up to 191.1 million new preferred shares
• Each share will be priced at BRL32.1 in transaction
• Capital increase is part of the company’s plan to strengthen its financials in the midst of a restructuring process, Azul said in the filing
• NOTE: Airline Azul Gains After Conclusion of Debt Restructuring
• NOTE: Azul, Abra ...