Blue S.A., the airínea líthe Brazil, has started a reorganizationóN Financial Proactive under the Capíleakage 11 in the U.S.
It is important to indicate that, This strategy movementéGico seeks to strengthen his financial future and he is not añto operational problems.
The compañíA has signed support for restructuringón with key partners like its bonds, AerCap (Your greatest lessor) and the aerosolsídenies United and American Airlines. These agreements seek significant disappointment and generationópositive cash flow n.
Lo máIt's important: Blue Followá flying normally. The flights, customers, crew and commitmentsán throughout the process.
John Rodgerson, CEO of Blue, I sayó that these agreements mark a crucial step for «emerge as líRES OF THE SECTOR», optimizing its capital structure impacted by the pandemic and supply chain problems.
Blue enters Capíleakage 11
Capíleakage 11 It is a legal process that allows companies to restructure their balance while continuingúthe operando. Blue use itá for:
- Remove approximately $2 one billion debt.
- Reduce lease obligations.
Optimize your fleet.
The objective is to get out of the process with greater flexibility and a financial structure Más sustainable.
An approach úNico and backed
Unlike other restructuring in the regionón, Blue It already has previous agreements with its key partners. This includes a financing commitmentón DIP (Debtor in Posseión) about $1.6 billion, than injectá $670 millions of new capital to reinforce liquidity.
At the end, to the financiersón dip se pagará With an offer of actions of up to up to $650 millions, backed by partners, además of an investmentóN of additional capital of up to $300 millions of United Airlines and American Airlines.
Both airídenies, a través of its executives, They have expressed their trust and commitment to the future of Blue, highlighting your leadership in Brazil and its route network única.
Blue has presented requests before the Court to guarantee the continuity of the operations, including salaries and crew benefits, Faithful blue tickets and benefits for customers, and payments to CR suppliersíticos.
John Rodgerson concluyó: «We will leave this process toún más strong and better positioned to continue connecting Brazil like no other airlineíNEA and offering the best service and value to customers».
This restructuringón is a proactive and strategy stepégico to ensure a future PRóI hope para Blue.
