Azul receives court approval to move forward with transformation process

Azul (AZUL) announced that following a successful First Day Hearing, it received interim court approvals for all of its “First Day” motions related to the company’s voluntary Chapter 11 petitions filed in the United States on May 28, 2025. Among other relief, the Court granted approval for the company to immediately access $250M of its $1.6B debtor-in-possession financing. This financing, combined with other Court approvals and revenue generated from Azul’s ongoing operations, will provide sufficient liquidity to support the continued, uninterrupted operations as the company works to transform its financial future. “The Court’s approval of all of our first day motions marks a pivotal milestone in positioning Azul for long-term success,” said John Rodgerson, CEO of Azul. “These approvals, along with the strong support of our key financial stakeholders, including United Airlines (UAL), American Airlines (AAL), and AerCap (AER), enable us to continue our accelerated transformation plan for the future. This process will allow Azul to significantly reduce its leverage and continue to generate cash, putting it on par with its global partners.”