Brazil's bankrupt Azul gets $650M equity capital raise commitment

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Airbus A320 Azul Airlines prepare to departure from Rio de Janeiro, 22 May, 2022, Rio de Janeiro, Brazil.

Bankrupt Brazilian airline Azul (OTC:AZULQ) on Friday said it had entered into a backstop commitment agreement with certain parties under which it had secured an equity capital raise of up to $650M in the future.

Azul (OTC:AZULQ) filed for

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Brazil's bankrupt Azul gets $650M equity capital raise commitment

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