US EditionBrazilian Airline Azul Files for Chapter 11 Bankruptcy Protection
- Azul, Brazil's largest airline, filed for Chapter 11 bankruptcy protection in the United States to restructure over $2 billion in debt arising from the pandemic and supply chain issues.
- Azul will continue to operate normally during the Chapter 11 process, which protects it from creditors while reorganizing its finances.
- Key stakeholders, including United Airlines and American Airlines, have committed about $1.6 billion in financing to help Azul reduce its debt.
- Azul aims to decrease its leverage from 5.1 times to 3 times through the restructuring process.
56 Articles
56 Articles
Azul files for Chapter 11 bankruptcy protection
Brazil's Azul Airlines, the country’s third-largest carrier, filed for Chapter 11 bankruptcy protection in a New York court on Tuesday to restructure R$ 31.35 billion (US$ 5.56 billion) in debt. The filing follows a 50.3% debt increase in Q1 2025, driven by currency volatility, high US interest rates, and supply-chain issues, including Pratt & Whitney engine recalls resulting in grounded aircraft. Additionally, partnerships with ACMI providers li
An Airline that Flies to Argentina Declared Itself in Call for Creditors
Azul, the Brazilian company that makes seasonal flights to the country, in general to Bariloche, took over Chapter 11 of the bankruptcy law of the United States. Its ADRs plummeted up to 40% in the pre-market of Wall Street and were suspended
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