Brazil’s Ambipar has made a daring move by securing court protection amid a fierce debt battle, paving the way to overhaul its financial commitments. This bold step, however, sent shockwaves through the market, triggering a sharp plunge in the company’s shares as investors wrestled with concerns over its financial stability
Brazil’s Azul Airlines is gearing up to file for Chapter 11 bankruptcy protection, Reuters reports, citing Valor. This strategic move is designed to restructure its debt and strengthen operations as the airline navigates financial hurdles
In a dramatic turn of events, Brazil’s Voepass has sought bankruptcy protection as it navigates turbulent waters marked by ongoing disputes with LATAM Airlines and pressing safety concerns. This bold move underscores the airline’s battle to keep its operations afloat amidst a backdrop of financial uncertainty and regulatory hurdles.
