Aviation
Commercial /
Brazil
financial restructuring
Azul hires American consultancy to study possible reorganization
Airbus A320neo
CC BY-SA 2.0, via wikimedia commons
Rafael Ramos
2/10/2023
Airlines face difficult times in Brazil, such as currency devaluation and constant increases in fuel prices. Azul is also facing major problems, despite its strong recovery recorded last year.
For example, the average price of fuel rose from R$3.95 to R$5.50 per liter, registering an increase of 115% in three years.
In addition, Azul has costs of RS 4 billion in aircraft leases due in 2024 and other debts that add up to more than 5.5 billion reais by 2025.
Reliable sources claim that the airline hired an American consulting firm called Seabury
Embraer E190
CC BY-SA 3.0, via wikimedia commons
Hyperlinks:
...
...
...
Rafael Ramos
Aviation enthusiast from an early age, he had his first contacts with the area developing that good old habit of spending dozens of hours in front of the screens of Micrsoft Flight Simulator and other simulators. With a solid background in various technological areas, including engineering and chemistry, Rafael has rejoined aviation as editor and author of articles and materials on our portal, providing invaluable help to the dynamics and expansion of the website and the aeronautical community, bringing us the news and updates so indispensable for us to remain current in our area of operation.
   
|
|