A team from Davis Polk & Wardell, distributed between New York and São Paulo, is advising Brazil’s largest airline, Azul, on a Chapter 11 restructuring process. The move aims to significantly reduce Azul’s debt by more than $2 billion and involves a $1.6 billion debtor-in-possession financing plan. This strategic financial overhaul seeks to optimize Azul’s fleet and gear the company towards long-term operational and financial stability. This restructuring effort also involves six international law firms and two leading Brazilian firms, collectively working to secure the airline’s future.
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