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.
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.
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.
GOL Linhas Aéreas, the Brazilian low-cost carrier, has secured a critical agreement with key creditors that paves the way for its emergence from Chapter 11 bankruptcy protection, likely by June 2025. The agreement includes an additional $125 million in financing, bringing the total raised through the restructuring process to at least $1.37 billion.
GOL Linhas Aéreas Inteligentes, the Brazilian low-cost airline, has indicated that it may delay its planned exit from Chapter 11 bankruptcy proceedings in the United States unless it is able to secure the full $1.9 billion in required funding by May 15, 2025. To date, the airline has successfully secured $1.25 billion in investor commitments, leaving a funding gap…
Silver Airways and its subsidiary Seaborne Virgin Islands have been granted approval to extend the 60-day period under Section 1110 of the U.S. Bankruptcy Code as part of their ongoing Chapter 11 restructuring efforts. This extension allows the carriers to maintain control of their aircraft and essential assets, ensuring operational continuitywhile they restructure financially.
GOL Linhas Aéreas, Brazil’s largest domestic airline, has revealed a revised 5-Year Financial Plan as part of its ongoing Chapter 11 reorganization process. This comprehensive plan outlines key strategies to secure the airline’s financial stability, including fleet growth, debt restructuring, and significant capital raises.
Spirit Airlines (US) has initiated a US$350 million equity rights offering as part of its ongoing Chapter 11 bankruptcy restructuring efforts. This strategic move aims to bolster the airline’s financial stability and ensure operational continuity amid its restructuring process.
Silver Airways (US) has voluntarily filed for Chapter 11 protection in the US Bankruptcy Court, initiating a financial restructuring process aimed at securing additional capital. This decision reflects the airline’s strategy to strengthen its financial position and enhance its ability to navigate a challenging economic environment.
