Azul (AZUL) said Friday it has obtained court approval to immediately access $250 million of its $1.6 billion debtor-in-possession financing related to its voluntary Chapter 11 petitions filed in the US on Wednesday.
The company said it has received interim court approvals for all of the first-day motions it has filed.
The financing, combined with other court approvals and revenue generated from the company's ongoing operations, will provide sufficient liquidity to support its continued operations, Azul said.
The second-day hearing to consider Azul's requested relief on a final basis is scheduled for July 9, the company said.
Shares of the company were up 2.3% in recent trading.
Price: 0.50, Change: +0.01, Percent Change: +2.33
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。