The company Azul Linhas Aéreas announced that it has closed investment agreements with the American airlines American Airlines and United Airlines. According to a statement released this Wednesday (18), the two companies committed to making investments of US$100 million each.
The contribution will support Azul’s capitalization upon exiting Azul’s judicial recovery process in the United States, called Chapter 11.
The agreement allows, supervised by a North American court, the company to initiate a financial restructuring while maintaining their activities.
“Under the terms of their respective EIAs (additions to investment agreements) and their respective terms and conditions, American and United have individually committed to making equity investments that will support Azul’s capitalization upon exit from Chapter 11 and are integrated into the company’s reorganization plan approved by the United States Bankruptcy Court for the Southern District of New York,” says the company’s statement.
According to the statement, The contribution made by United will be made in the context of the public offering of shares, which was announced to the market on February 3 of this year and which will be settled on January 20, 2026.
Regarding the investment made by American Airlines, the expectation is that it will be made through the issuance of subscription bonuses, “under the terms and conditions set out in a warrant subscription contract”. Warrants are security securities that allow the holder to buy or sell an asset.
In addition, the airline reported having entered into an Additional Investment Agreement with “certain existing creditors”, securing an additional US$100 million within the same public offering.
Restructuring process
Azul filed for judicial recovery on May 28, 2026 and the flat it was approved in December by a US court.
According to the company, Chapter 11, as this process of financial reorganization supervised by the Court in the United States is called, allows the restructuring of the company’s liabilities, while maintaining ongoing operations.
“Azul will use this consolidated legal structure to eliminate more than US$2 billion in financial debt, readjust leasing contracts and optimize its fleet, with the aim of emerging with greater flexibility and operational and financial sustainability,” said the company at the time.
