Azul Linhas Aéreas Brasileiras, one of Brazil’s leading carriers, has expanded its next-generation fleet with the delivery of two Embraer E195-E2 aircraft. The newly delivered jets bear serial numbers 19020168 and 19020169, and are powered by PW1900G geared turbofan engines from Pratt & Whitney.
Azul has expanded its fleet with the delivery of a new Embraer E195-E2, serial 19020166, powered by Pratt & Whitney PW1900G engines. This latest addition supports the airline’s strategy to operate more fuel-efficient and environmentally friendly aircraft, optimizing performance on domestic and regional routes.
Azul, the Brazilian airline, has officially retired the last two Boeing 737-400F aircraft from its fleet, completing its transition away from this freighter type. The two aircraft, identified by serial numbers 28198 and 28053, have now been phased out as part of the airline’s fleet modernization strategy.
Azul (Brazil) reported strong revenue growth in the fourth quarter of 2024, with total operating revenue increasing 10.2% to $966 million. However, the airline faced significant financial challenges, posting a net loss of $689.2 million in the quarter.
Azul believes that the $100 million debt owed by TAP Air Portugal since 2016 will be resolved soon, as both parties have acknowledged the obligation.
The Brazilian government has provided an updated timeline on the proposed merger between GOL Linhas Aéreas Inteligentes and Azul Linhas Aéreas Brasileiras, estimating that the process will be finalized within 12 months. This timeline aligns with the deadline set by CADE, Brazil’s antitrust regulator.
Azul has announced a significant capital increase following approval by its Board of Directors. The airline plans to raise between $260 million and $1 billion through a private subscription of new preferred shares, reinforcing its financial position amid ongoing strategic growth efforts.
Azul, a leading Brazilian airline, has completed a comprehensive debt restructuring plan, resulting in significant shifts in its ownership structure. The restructuring has led to a substantial reduction in the company’s debt by nearly $1.6 billion, as reported by Reuters.
Azul (Brazil) has had its credit rating downgraded to ‘SD’ (Selective Default) by S&P Global Ratings (US) after completing a distressed debt exchange. The downgrade reflects S&P’s classification of Azul’s recent debt restructuring as distressed, rather than a conventional market transaction.
Azul (Brazil) has successfully completed the restructuring of its financial obligations, reaching agreements with bondholders, lessors, and OEMs. The carrier also closed its $525 million Floating Rate Superpriority Notes offering, due 2030, significantly improving its financial stability.
