Azul proposes fresh bid for Avianca Brazil assets
Azul has returned to the race for assets of bankrupt Avianca Brazil with a new offer, while the financially troubled carrier filed an appeal in court against the last-minute suspension of its bankruptcy auction last week. Azul has filed a petition for a minimum bid of $145 million on a new isolated productive unit, or […]
Brazil court clears way for Boeing, Embraer to finalize deal
A Brazilian appeals court has reversed a lower court’s provisional decision that would have prevented Embraer and Boeing from finalizing terms of their proposed joint venture (JV). The Dec. 10 decision from Brazil’s Second Panel of the Federal Court of Appeals of the Third Region was “revoked,” Embraer said in a brief filing to financial […]
