Azul Linhas Aéreas Brasileiras launches a primary share offering to raise up to €1.11 billion for settling debts during Chapter 11 restructuring.
The carrier offers around 724 billion preferential and ordinary shares. Existing shareholders gain priority subscription rights on a pro rata basis. Preferential shares sell in allotments of 10,000 while ordinary shares group in millions. A US court approved the restructuring earlier in December.
