Brazilian airline Azul gets bankruptcy court approval for debt restructuring

Reuters12-13
Brazilian airline Azul gets bankruptcy court approval for debt restructuring

NEW YORK/SAO PAULO, Dec 12 (Reuters) - A U.S. bankruptcy judge on Friday approved Azul's debt restructuring, allowing the Brazilian airline to cut more than $2 billion in debt and raise capital through a new equity rights offering and investment from American Airlines AAL.O and United Airlines UAL.O.

U.S. Bankruptcy Judge Sean Lane approved Azul's bankruptcy plan at a court hearing in White Plains, New York.

(Reporting by Dietrich Knauth in New York and Gabriel Araujo in Sao Paulo; Editing by Chris Reese)

((Dietrich.Knauth@thomsonreuters.com;))

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