Azul S.A. has established a Special Independent Committee to oversee its restructuring process, as outlined in its internal regulations. The Committee's primary objective is to assist the Board of Directors in supervising and monitoring the Chapter 11 proceeding, ensuring it is fair and in the best interests of the company and its stakeholders. The Committee is tasked with evaluating and negotiating the terms of the Chapter 11 process, managing any financing or equity investments, and overseeing the Restructuring Representative and legal advisors. The Committee reports directly to the Board of Directors, recommending actions and strategies related to the reorganization of Azul S.A. and its controlled entities.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.