All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
Emerging MarketsEM LatAm

Brazil airline hierarchy reversed as investors await BNDES bail-out


As bondholders eagerly await details of a rescue package from Brazilian development lender BNDES to the three largest airlines operating in the country, the strongest credit in the sector coming into the Covid-19 crisis is now the perceived as the weakest.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree