euroAtlantic Airways, one of Europe’s oldest ACMI service providers, is entering a transformative phase with the launch of its “EAA New Era 2030 Strategic Plan.” Founded in 1993 and headquartered in Lisbon, euroAtlantic has long been a key ACMI, charter, and wet lease provider for major airlines including TAP Portugal, Air France, DHL, Azul, Royal Air Maroc, and British Airways….
Pratt & Whitney, a subsidiary of RTX, reported a robust 12% year-over-year increase in Q2 2025 sales, reaching $7.6 billion, fueled by strong performance across both commercial aftermarket and original equipment (OE)segments. The aftermarket division grew 19%, while OE sales rose 15%, supported by higher volume and a favorable product mix, especially from Pratt & Whitney Canada.
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.
TAP SGPS, the Portuguese airline group, is facing potential legal enforcement action after failing to repay $177 million owed to Azul Linhas Aéreas Brasileiras (Brazil). The debt relates to bonds issued in 2016 that were subscribed by Azul as part of a strategic investment agreement. TAP’s failure to meet the repayment deadline has now shifted control of the matter to the common representative of…
Azul, one of Brazil’s leading airlines, has announced plans to return six additional aircraft and one engine to their respective lessors as part of its ongoing fleet restructuring strategy. With this latest move, the total number of aircraft that the airline intends to phase out now stands at 17.
Moody’s has recently announced a significant downgrade of the corporate family rating for Azul (Brazil), reducing it from Caa2 to Ca. This move by the rating agency reflects increasing concerns about the airline’s financial position and overall risk profile. The downgrade also extends to Azul Secured Finance and Azul Investments, underscoring the broader impact across the group’s financial entities.
Hi Fly (Portugal) will wet lease an A330-200 aircraft, serial 935, to Azul (Brazil) to operate flights from Belo Horizonte. This leasing agreement provides Azul with additional capacity during peak travel periods while offering passengers enhanced long-haul service capabilities. In parallel, a B767-300ER on wet lease from euroAtlantic Airways (Portugal) will be reassigned to cover flights to Madrid.
Abra Group, a UK-based aviation investment consortium, continues to pursue the long-anticipated merger of Brazilian airlines GOL and Azul, despite growing speculation that Azul may file for bankruptcy protection in the United States. The group reiterated its commitment to consolidating the two carriers as part of a strategy to build Latin America’s leading airline network.
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…
TAP SGPS, the state-owned holding company of Portugal’s national airline TAP Air Portugal, has officially defaulted on a bond loan agreement with Azul Linhas Aéreas Brasileiras, the Brazilian airline that has long held a financial stake in TAP. The default was formally recognized during a meeting of debenture holders, convened at the request of Azul and its legal representatives,…
