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FTI Consulting and C Street Advisory Group provide strategic communications support to Azul as Brazil’s biggest airline declares Chapter 11 in US bankruptcy court to restructure more than $2B in debt.
It has lined up $1.6B in financing to support operations from AerCap aircraft leasing company, and strategic partners United Airlines and American Airlines.
Azul blames its financial downfall on the COVID-19 pandemic, macroeconomic headwinds and supply chain snafus.
CEO John Rodgerson expects Azul will emerge from Chapter 11 as a robust, resilient and industry-leading airline.
The Sao Paulo-based carrier will continue to operate on a normal basis during the reorganization. “Azul continues to fly—today, tomorrow and into the future,” said Rodgerson.
The company has a fleet of more than 200 planes that make 900 daily flights to more than 150 destinations.
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oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
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