Brazilian Carrier Completes Restructuring Amid Global Turbulence

Azul S.A. has successfully completed a court-supervised restructuring that reduced its debt and lease obligations by approximately $2.5 billion. The airline secured $850 million in new equity investment, including $100 million from United Airlines, and lowered annual interest expense by more than half. Breaking AeroTime reports. As part of the Plan of Reorganization, Azul also raised $1.375 billion in new exit notes. The carrier maintained operational performance throughout the Chapter 11 process, with 85.1% on-time performance and approximately 800 flights per day.