Azul Exits Bankruptcy. Its Founder Loses Control
Key Points — Brazil’s third-largest airline emerged from U.S. Chapter 11 bankruptcy on Friday after nine months, shedding $2.5 billion in debt and lease obligations. Founder David Neeleman loses controlling ownership as Azul becomes a widely held corporation. — United Airlines and American Airlines each invested $100 million, becoming reference shareholders with roughly 8 percent […]
Black News 
Key Points — Brazil’s third-largest airline emerged from U.S. Chapter 11 bankruptcy on Friday after nine months, shedding $2.5 billion in debt and lease obligations. Founder David Neeleman loses controlling ownership as Azul becomes a widely held corporation. — United Airlines and American Airlines each invested $100 million, becoming reference shareholders with roughly 8 percent […]
