Azul Linhas Aéreas, Brazil’s largest regional carrier, is pushing deeper into its Chapter 11 restructuring plan with sweeping measures designed to reset its balance sheet and stabilize operations. The airline confirmed it will return 20 aircraft, most of them older Embraer E195s already parked, while simultaneously trimming its network by exiting more than 15 cities and cutting 50 routes.
Spirit Airlines has announced a major reduction in its upcoming 2025 winter schedule, cutting 54% of its planned flights from Las Vegas (LAS). According to aviation analytics provider Cirium, this translates to more than 3,400 flightsbeing removed, making Las Vegas the carrier’s most heavily impacted hub.
Azul, one of Brazil’s leading airlines, has formally appointed SkyWorks Capital, a U.S.-based financial advisory firm, to serve as its Fleet Restructuring Financial Advisor during the carrier’s ongoing Chapter 11 bankruptcy proceedings. This strategic engagement signals Azul’s intent to restructure its fleet obligations in a way that supports long-term operational sustainability and cost reduction.
Libyan Airlines, the state-owned flag carrier of Libya, has issued a public statement refuting recent bankruptcy rumors, affirming that the airline remains operational. While the carrier acknowledges facing significant financial and technical challenges, it has confirmed that services continue and that government support is being actively pursued to stabilize operations.
ETF Airways (Croatia) has emerged as the sole bidder in the competitive tender process launched by the bankruptcy administrator of Montenegro Airlines for the sale of a range of Fokker and Embraer spare parts. This development highlights ETF Airways’ proactive approach in acquiring key assets that could strengthen its maintenance and operational capabilities.
GOL, the Brazilian low-cost carrier, is reportedly in advanced discussions with Embraer to acquire E195-E2 aircraft, with a formal agreement anticipated after the airline concludes its bankruptcy proceedings. This move signals GOL’s intent to modernize its fleet and optimize its regional network strategy as it emerges from financial restructuring.
Azul, one of Brazil’s largest airlines, is reportedly in advanced negotiations with creditors to secure approximately $600 million in emergency financing. This strategic move is aimed at sustaining operations through a potential bankruptcy process, which could be initiated as early as next week. The airline, like many others in Latin America, has faced significant financial turbulence over recent…
GOL, the Brazilian low-cost carrier, has received approval from a U.S. bankruptcy court for its comprehensive restructuring plan under Chapter 11 proceedings. The approval marks a key milestone in the airline’s financial recovery and long-term sustainability efforts.
GOL, one of Brazil’s leading airlines, has proposed a substantial $3.4 billion capital increase through share issuance as part of its strategy to exit Chapter 11 bankruptcy protection. The plan marks the most significant financial restructuring move by the company since it filed for bankruptcy earlier this year in the United States.
Silver Airways, a U.S.-based regional carrier, has received a $5.78 million stalking horse bid from KIA II, a financial firm that had previously provided debtor-in-possession (DIP) financing to the airline. This development positions Silver Airways to move forward in its efforts to exit bankruptcy proceedings and reestablish operational normalcy.
