Brazil has reached a trifecta now that all three of its major airlines have filed for U.S. Chapter 11 bankruptcy protection during the last five years.
Azul sees improvement in irregular operations after unscheduled engine removals in late 2024 created cost headwinds for the carrier during the first quarter.
As newly imposed tariffs by the Trump administration roil world markets, airlines are bracing for a wave of uncertainty as the busy summer season approaches.
In line with Aviation Week’s MRO Latin America event, this week’s Carbon Analysis looks at Avianca Group, Azul Brazilian Airlines, GOL Airlines and LATAM Group.
Azul management believes the carrier’s recent balance sheet overhaul should transform the Brazilian airline into one of the most competitive airlines worldwide.
GOL's parent Abra Group has agreed to convert $950 million of its secured debt in the Brazilian carrier to equity as it nears exiting bankruptcy protection.
Brazilian carrier Azul has reached agreement with existing bondholders for $500 million in additional financing, a key step in its latest restructuring.
