Azul S.A. American Depositary Shares (each representing three preferred shares) - AZUL STOCK NEWS

Azul announced that its subsidiary Azul Secured Finance LLP has launched an exchange offer for all outstanding 11.930% Senior Secured First Out Notes due 2028. Eligible holders can exchange existing notes for new notes with the same interest rate and maturity. The exchange offer includes an early participation premium and a November 2024 PIK interest cash payment.

The early participation deadline is January 7, 2025, with a final expiration on January 15, 2025. The exchange requires minimum participation of 66.67% of outstanding notes. Supporting noteholders representing over 66.67% have already agreed to participate. The settlement is expected on January 22, 2025, coinciding with the closing of Superpriority Notes.

Azul, Brazil's largest airline, has successfully completed negotiations with aircraft lessors and bondholders, securing significant financial agreements. The company has obtained commitments for US$ 500 million in new investments, with US$ 150 million to be funded immediately, US$ 250 million upon documentation completion, and US$ 100 million pending additional conditions.

The airline has renegotiated 98% of its obligations with lessors and OEMs, resulting in US$ 550 million in finalized agreements and potential debt reduction exceeding US$ 800 million. Azul expects a 15% capacity increase in Q4 2024, with eight new aircraft arriving by year-end. The airline will operate 43,300 flights during the Brazilian summer season, including 3,048 extra flights.

Azul, Brazil's largest airline, has partnered with Viasat Inc. (NASDAQ: VSAT) to equip seven new Airbus A330-900neo aircraft with advanced Ka-band in-flight connectivity. The first equipped aircraft is set to enter service in 2025. This expansion builds on their successful collaboration since 2021, when Azul became the first South American airline to offer Viasat's in-flight internet service.

Passengers will enjoy gate-to-gate internet access, with options for streaming, web browsing, and messaging. Azul is also adopting Viasat's Advertising platform to enhance the passenger Wi-Fi experience with ad-supported streaming sessions. This partnership aims to meet the growing demand for high-quality, consistent in-flight Wi-Fi, leveraging Viasat's high-throughput satellite capacity and ability to flex that capacity to meet demand in busy areas.

Azul and GOL have initiated a codeshare agreement, starting July 11, 2024, to provide more travel options across Brazil.

This partnership includes 40 non-overlapping routes, with 20 already available on Azul's sales channels.

The companies aim to enhance connectivity and offer customers more flight and destination choices. The codeshare will create over 2,700 travel opportunities with just one connection within Brazil.

Customers can accumulate points or miles from either airline's loyalty programs when purchasing codeshare flights through the respective companies' digital channels.

Check-in and baggage procedures will follow the rules of the operating airline or the first leg of the journey.

Azul and GOL airlines announced a codeshare agreement to connect their flight networks in Brazil, effective from late June 2024. This partnership covers domestic routes exclusively operated by either airline and includes frequent flyer programs, allowing members to earn points in their preferred program. The agreement grants customers access to over 150 destinations, providing more travel options and convenient connections. With approximately 2,700 travel opportunities created, customers can purchase flights through both companies' sales channels. Combined, Azul and GOL operate around 1,500 daily departures, enhancing route availability significantly.

Azul S.A. (NYSE: AZUL, B3:AZUL4) announced the filing of its Form 20-F report for the fiscal year ended 2023 with the SEC on May 16, 2024. The report is accessible on the SEC's website and Azul's Investor Relations page. Shareholders and holders of Azul's American depositary shares can request free copies of the report from Azul's Investor Relations Department.

Azul, the largest airline in Brazil, wins the American Maintenance Competition for the second consecutive year in the United States, showcasing their technical expertise and commitment to safety.

Azul TecOps, a business unit of Azul, obtains certification from EASA to offer maintenance services to European Union companies, expanding its expertise abroad. The approval signifies a significant growth opportunity and revenue potential for Azul.

Azul, the largest airline in Brazil, received the 'Restructuring Deal of the Year' award at the Aviation 100 Awards for conducting an open and friendly restructuring, ensuring business sustainability, and maintaining expansion plans. The company will grow its capacity by 11% and receive newer next-generation aircraft in 2024. Azul's CFO, Alex Malfitani, highlighted the importance of the award and the company's ability to generate cash. The company's fleet expansion plans include ATRs, Airbus 320 models, and Embraer, with the majority being the latter. Azul's restructuring was also recognized with the Liability Management Deal of The Year award at the Bonds & Loans Latin America & Caribbean Awards, and its CFO, Alex Malfitani, was named 'CFO of the Year' at the 2023 Equilibrist Award.