Eve Air Mobility, a pioneering company in the advanced air mobility sector, has been selected by FINEP (Brazilian Funding Authority for Studies and Projects) to receive a grant of up to $15.8 million. This substantial support will back the company’s ongoing development initiatives, with the total project investment estimated at $33.8 million.
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.
Embraer has initiated discussions with IndiGo (India) and Air India about the sale of new aircraft, marking a significant push into India’s fast-growing aviation market. As part of its strategy to strengthen its presence in the region, Embraer has also established a fully-owned subsidiary with its corporate office in New Delhi.
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.
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.
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,…
Azul, one of Brazil’s leading airlines, reported a robust financial performance for the first quarter of 2025. The airline posted a net income of $138 million, a significant turnaround from previous losses, fueled by a 15.3% year-on-year increase in operating revenue, which reached $957 million. Azul’s total liquidity rose to $1.1 billion, underscoring its strong financial footing heading into…
GOL Linhas Aéreas, a major low-cost airline based in Brazil, has taken delivery of a Boeing B737-8, serial 44040, on lease. The aircraft is powered by LEAP-1B engines from CFM International, representing the latest in fuel-efficient single-aisle propulsion technology.
