Brazilian Carrier Completes Restructuring and Secures New Funding
Azul S.A. has emerged from Chapter 11 bankruptcy protection after completing a court-supervised restructuring that reduced its debt and lease obligations by approximately $2.5 billion. The Brazilian carrier secured $850 million in new equity investment, including $100 million from United Airlines, and reduced annual interest expense by more than half. Azul maintained operational performance throughout the process, with 85.1% on-time performance and roughly 800 flights per day. The airline carried 32 million passengers in 2025, the highest annual total in its history, and operates daily flights to over 130 cities. This development was first reported by AeroTime.