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Brazil’s Azul Airline Preparing to “Hibernate” During Pandemic

RIO DE JANEIRO, BRAZIL - "I don't want to be saying something different each time. I want to come up with a clear solution about what to pay and when." This is how Azul's vice president of finances and investor relations, Alexandre Malfitani, described the number of experts the company hired to address the impact of the shutdown.

Brazilian airlines are currently operating at less than ten percent of their capacity for domestic flights. International flights have been completely suspended.

"We are at the height of uncertainty. We only know that at some point in the short term we . . .

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