Financing ·
Azul draws R$1.3 billion from BNDES loan facility, prepaying R$400 million in higher-cost debt
AZLUDAzul SA
Azul S.A. executed a definitive loan agreement with the Brazilian Development Bank (BNDES) under the National Civil Aviation Fund (FNAC), securing access to up to R$2.66 billion in long-term financing. The company drew the first tranche of approximately R$1.3 billion on September 29, 2026, with the remaining R$1.3 billion expected in Q4 2026. As part of the transaction structure, Azul is prepaying an existing higher-cost obligation of approximately R$400 million. The financing has a term of up to five years and strengthens the company's liquidity position while supporting its liability-management initiatives. Azul S.A. operates as Brazil's largest airline by number of cities served, offering flights to over 130 destinations.