Brazilian airline Azul SA has registered to participate in a bankruptcy auction ...
SAO PAULO - Brazilian airline Azul SA has registered to participate in a bankruptcy auction for the assets of struggling carrier Avianca Brasil scheduled for next week, potentially walking back a previous decision not to participate.
The airline confirmed through a representative that they had registered, although he said no decision had been made whether to actually place a bid. The bankruptcy auction is set for Tuesday. An initial plan would have had Azul take over the majority of Avianca Brasil’s airport slots in Sao Paulo and Rio de Janeiro. But a few weeks later, its bigger competitors, LATAM Airlines Group and Gol Linhas Aereas Inteligentes struck a deal with Avianca Brasil’s largest creditor, U.S. hedge fund Elliott Management, to create a new plan that would divide up some of those slots among themselves instead.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Male model dies after collapsing on runway in BrazilModel Tales Soares has died after collapsing on the runway at Brazil's Sao Paulo Fashion Week. He was 26 years old
Read more »
Brazil led world in rainforest losses in 2018 despite decline from 2017: research groupBrazil led the world in rainforest destruction last year, although deforestation...
Read more »
Facebook Dating will let friends with crushes find out about each other, will be available in the US by the end of 2019The company said Facebook Dating will expand to 14 new countries, including Brazil and Malaysia.
Read more »
Number of Venezuelans fleeing to Brazil surges during attempt to oust MaduroClose to triple the usual number of Venezuelans fled to Brazil on Tuesday, when ...
Read more »
Brazil's indigenous tribes protest Bolsonaro assimilation planThousands of people representing the more than 300 tribes native to Brazil march...
Read more »
Brazil states forge ahead in climate change fight despite Bolsonaro ambivalenceState governments in Brazil have agreed to work toward fulfilling the country&0...
Read more »
Bolsonaro's sons bash vice president, widening rifts in Brazil governmentA barrage of criticism this week from the sons of Brazil's right-wing Presi...
Read more »
Brazil' Petrobras seeks $20 billion from sale of refineriesBrazil's state-controlled oil company, Petrobras, plans to raise roughly $2...
Read more »
Facebook Dating will let friends with crushes find out about each other, but it still isn't coming to the USThe company said Facebook Dating will expand to 14 new countries, including Brazil and Malaysia.
Read more »
Brazil vice president says Guaido's attempted uprising not a good ideaVenezuelan opposition leader Juan Guaido's attempt to oust Venezuela's...
Read more »