Azul announces emergence from Chapter 11

Azul (AZUL) announced the successful completion of its voluntary financial restructuring process and emergence from Chapter 11. The company’s Plan of Reorganization, previously confirmed by the U.S. Bankruptcy Court on December 19, 2025, is now effective. Azul said: “Through this process, Azul achieved a comprehensive balance sheet and operational transformation and emerges from Chapter 11 having achieved its key objectives for this process, including strengthening its balance sheet, enhancing liquidity, reducing lease expense and liabilities, and improving every aspect of its operations to support long-term sustainability and sustainable growth. The restructuring was supported by key financial stakeholders, including its existing bondholders, its largest lessor, AerCap (AER), representing the majority of the Company’s aircraft lease liability, and other lessors, OEM and suppliers counterparties, and its strategic partners, United Airlines (UAL) and American Airlines (AAL).”