Brazil airline Azul hires adviser to restructure $2.9bn debt

Brazilian airline Azul SA has hired restructuring firm Galeazzi & Associados to renegotiate its financial and suppliers’ debt, Brazilian newspaper O Estado de S. Paulo reported on Wednesday. Azul expects to renegotiate around 15 billion reais ($2.9 billion) but not within an in-court reorganization, the newspaper reported. 

Source: Reuters