Big news for Azul, a Brazilian airline! They're making some big changes to get back on their feet. It involves sharing ownership with other companies and getting new money.
- Azul is getting new money to help it grow.
- They're giving some ownership to companies that Azul owed money to.
- The owner, David Neeleman, might not own the most shares anymore.
- Azul might even team up with another airline, Gol!
| Item | Number |
|---|---|
| Total New Money | $591 Million |
| Shares Issued | 3.37 Billion Reais |
| Neeleman's Current Ownership | 67% |
This is all part of a plan to help Azul become financially stronger.
