AZUL announced its controlling shareholder (David Neeleman) was forced to sell majority of his preferred shares in airline to repay US$30m loan after COVID-19 triggered margin call. Neeleman reaffirmed he did not actively sell any of his Azul shares.
AZUL is part of our SpeedNews subscription.
Subscribe now to read this alert, plus receive full coverage of key developments in commercial and business aviation.
Already a subscriber to SpeedNews or a content package that includes SpeedNews? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.