The airline Azul reported this Friday (20) that it concluded the voluntary financial restructuring process in the United States. In a statement, the company said that the process was a success and that it emerged with a strengthened balance sheet, “positioned for greater long-term stability and sustainable growth”.
“The restructuring was implemented through agreements with its main creditors, including the holders of the company’s debt securities issued in the market, its largest aircraft lessor, AerCap, as well as with two strategic investors, United Airlines, Inc. and American Airlines, Inc,” the company said in a statement.
According to Azul, the process resulted in the reduction of loan and financing debt by approximately US$1.1 billion; decline in aircraft leasing debt by almost 40%; and estimated decrease in annual interest payments by more than 50% compared to previous levels.
According to a statement, Azul’s new share capital now amounts to R$21,756,852,177.39, divided into 54,730,851,778,811 common, registered shares with no par value.
“[A Azul] successfully concluded, on this date, its voluntary financial restructuring process, with the consequent exit from Chapter 11 of the US Bankruptcy Code, conducted before the United States Bankruptcy Court for the Southern District of New York, after full payment, on this same date, of the debtor-in-possession financing [dívida em recuperação judicial] and the settlement of the Company’s public offering of shares released to the market on February 3, 2026”, says the statement.
