Azul Shares Jump After Report on New Debt Deal With Lessors
- Reuters reports airline, lessors near a debt-for-equity swap
- Air carrier’s shares rally the most since March 2023
An Azul Airlines aircraft prepares to land in Rio de Janeiro, Brazil.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
Shares in Azul SA rallied the most since early 2023 following a report that the Brazilian air carrier is nearing a deal with lessors that would entail a debt-for-equity swap.
The stock rose as much as 21% in Sao Paulo after the report by Reuters, which cited three people it didn’t identify. It later pared gains.