Brazilian energy firm Eneva SA announced a secondary offering of 49.97 million shares in a securities filing on Wednesday, confirming an earlier Reuters report. The firm, which owns gas-fired power plants and natural gas exploration and production assets in northeastern Brazil, said shareholders Itau Unibanco Holding SA, Uniper Holding GmbH, Banco BTG Pactual SA, Banco Pine SA , and Dommo Austria GmbH, a unit of Brazil’s Dommo Energia SA, plan to sell shares in the offering, Reuters reported.

Brazilian telecommunications firm Oi SA reported a big quarterly loss on Wednesday, sending shares of the heavily indebted company down nearly 5 percent in morning trading, Reuters reported. Oi, Brazil’s largest fixed-line operator, reported a net loss of 3.359 billion reais ($858 million) in the fourth quarter of 2018 late on Tuesday, 65.7 percent more than the loss it reported a year earlier. Total revenue fell 7.9 percent.

Brazilian carrier Avianca Brasil will reduce its fleet size and cease operations at Rio de Janeiro’s international airport as it downsizes in the wake of a bankruptcy filing in December, the firm said on Tuesday. The company said in a statement it would seek to reduce the number of destinations it serves to 23 and cut its fleet size to 26 planes over the month of April, Reuters reported. It will also cease operations in the cities of Belem and Petrolina, as well as at Rio de Janeiro-Galeao International Airport.

Privately owned Brazilian agribusiness group Itaquere has filed for bankruptcy protection to restructure 482 million reais ($127 million) of debt, according to a letter from management seen by Reuters, Reuters reported. In the letter dated March 21, the group, based in Brazil’s top grains state Mato Grosso, blames a prolonged economic crisis, along with adverse climate conditions and currency swings, for its financial woes. The letter was signed by the group but not by any particular executive.

After defaulting in November, embattled Brazilian construction giant Odebrecht Engenharia e Construcao SA appeared determined to move quickly to negotiate with creditors, Bloomberg News reported. One month later, the company began talks with some of its largest bondholders, granting them access to confidential information and agreeing to reimburse them for some fees. The two sides held follow-up conversations as a prelude to a sitdown in New York on Feb. 27, when the Brazilian company was due to present its proposal to restructure around $3 billion of debt. Odebrecht wasn’t ready, though.

All Avianca Brasil flights were operating normally, a spokeswoman for the carrier said on Tuesday, a day after a Brazilian appeals judge lifted an order that allowed the carrier to operate 10 of its planes despite missed leasing payments, Reuters reported. She added that the decision, which could disrupt the airline’s ability to complete scheduled flights, would be appealed. The ruling, a copy of which was reviewed by Reuters, is the latest development in a bitter legal fight between lessors and the carrier, which is going through bankruptcy protection.

A Brazilian appeals judge on Monday lifted an order that allowed struggling carrier Avianca Brasil to operate 10 of its planes despite missed leasing payments, Reuters reported. The decision is the latest development in a bitter legal fight between lessors and the carrier, which is going through bankruptcy protection, and which could disrupt the airline’s ability to complete scheduled flights. Avianca Brasil could still seek an emergency injunction in Brazil’s Superior Court of Justice.

Brazilian airline Azul SA hopes to take over 30 of struggling Avianca Brasil’s aircraft at cheaper lease rates, take control of two-thirds of Avianca’s airport slots and rehire many of its workers, while avoiding its crippling debts and any labor disputes, Chief Executive John Rodgerson said on Thursday. If the bid is successful, it would restructure the domestic Brazilian air travel market, reducing the number of big players from four to three, Reuters reported.

Brazilian airline Azul SA on Monday said it will seek to buy certain assets held by struggling rival Avianca Brasil for $105 million, on the same day a local court allowed the carrier to hold onto its planes despite mounting missed payments, Reuters reported. Under the proposed terms, Azul would buy airport slots and assume some aircraft leases from Avianca Brasil but inherit none of its debts.

Brazilian state bank Caixa Economica Federal is preparing an extraordinary provision of 7 billion reais ($1.87 billion) due to expected defaults on home loans and a loss of value in the real estate held by the bank, two sources told Reuters. The move is being done at the behest of newly appoint Chief Executive Pedro Guimaraes, said the sources, who requested anonymity to discuss private matters, Reuters reported. If the proposal goes into effect, it will reduce profit to 10 billion reais in 2018, against the bank’s expectations for 16 billion reais, the sources said.