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Azul Airlines Focussed on Brazilian Market and Fleet Revamp

Joelmir Baumgratz discusses increasing capacity for less cost, consolidation in the airlines market, oil price fluctuations driving complex hedging strategies and using air miles as collateral on financings to bring yields down.

Mr. Baumgratz is head of Treasury at Azul, the airline with most destinations in Brazil. He has been with the company for the last 8 years, leading Azul’s corporate financing efforts and liability management program. In this role, Mr. Baumgratz participated in landmark transactions such as the 2017 placement of USD400mn in senior notes. He also supported Azul’s BRL 2B IPO, the first dual-listed offer from a Brazilian company since 2009. His earlier finance career included positions in GE Capital and Gafisa. Mr. Baumgratz holds a bachelor of science degree in electrical engineering from the Federal University of Santa Catarina, with an MBA latu sensu at Insper and Fundação Dom Cabral.

 

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