Azul shareholders agree TAP exit

in News · 11-08-2020 10:28:00 · 1 Comments

Shareholders of the Brazilian airline Azul, led by David Neeleman, yesterday (Monday), at a general meeting, approved its TAP exit agreement.

Two points were up for vote; one for the “sale of the indirect stake held by the company in TAP” and the other for the elimination of debt-to-equity conversion rights in Azul's 90 million euro bond loan to national flag-carrier TAP granted in 2016. The agreement had already been approved by Neeleman, but the overall “green light” has now been given across the board.


How is this going to help people like me get a cash refund for flights cancelled. Been trying to contact tap since may. No reply to emails and they hang up the phone when a cash refund is mentioned it is our right under EU law to be reimbursed in cash when a voucher is refused. Government doing nothing to implement the law

By Mary ormston from Other on 12-08-2020 09:12
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