All Azul articles
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NewsAbra Group terminates Gol-Azul combination talks
Abra Group has ceased exploring a business combination that would have seen member carrier Gol form Brazil’s largest airline with compatriot Azul after tie-up talks stalled in recent months.
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NewsAzul files reorganisation plan featuring equity raise and restructured aircraft leases
Latin American carrier Azul has filed a reorganisation plan, through which it will strengthen it finances and restructure its fleet, with the aim of emerging from US Chapter 11 protection. The plan details an equity rights offering intended to raise up to $950 million, including a $650 million backstop, while ...
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NewsAzul A320neo engines still running during uncommanded evacuation: inquiry
Passengers of an Azul Airbus A320neo which aborted take-off at Cuiaba evacuated the aircraft while its engines were still running, after the cabin crew failed to understand the pilots’ instructions. The aircraft came to a halt on runway 35 after the low-speed abort at 90kt – triggered by a hydraulic ...
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NewsGol combination still on table despite Azul Chapter 11 filing
The chief executive of Gol parent company Abra Group says a business combination with Brazilian compatriot Azul is still on the agenda, despite the latter carrier recently entering Chapter 11 bankruptcy protection in the country’s “not healthy” airline market.
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NewsAzul files for Chapter 11 bankruptcy protection
The Sao Paulo-based airline says it will continue operating its flying schedule uninterrupted and paying employees during its financial restructuring process.
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NewsGol’s financial restructuring approved by US bankruptcy court
Brazilian carrier Gol secured approval on 20 May of its financial restructuring plan after filing for Chapter 11 bankruptcy last year.
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NewsGol secures $1.9bn in exit financing near end of bankruptcy process
Brazilian carrier Gol has secured $1.9 billion in exit financing as it seeks to emerge soon from Chapter 11 restructuring.
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NewsBrazil’s Gol extends exit financing deadline in response to US tariffs
Brazilian carrier Gol has extended a deadline for investors to participate in the company’s $1.9 billion exit financing plan, citing the USA’s trade war with most of the world.
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NewsDevaluation of Brazilian currency weighs heavily in Gol’s fourth-quarter loss
Amid a restructuring effort aimed at strengthening its operational and financial performance, Abra Group carrier Gol lost R$5.1 billion ($883 million) during the final quarter of last year.
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NewsGol secures exit financing as it seeks conclusion of Chapter 11 process
Brazilian carrier Gol recently secured exit financing from unnamed investors as it works to emerge for Chapter 11 restructuring as “a well-capitalised standalone company”.
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NewsAzul-Gol combination would create Brazilian airline able to ‘compete globally’
Azul’s leadership team is “really confident” that its proposed business combination with Brazilian competitor Gol will deliver future growth.
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NewsAzul concludes restructuring with ‘extinction’ of $2.1bn debt
Brazilian carrier Azul has concluded its restructuring process by agreeing with bondholders, lessors and aircraft manufacturers to eliminate R$12.3 billion ($2.1 billion) in debt.
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NewsAzul and Gol exploring potential business combination
Abra Group and Brazilian carrier Azul have entered a memorandum of understanding to explore a combination that would create Brazil’s largest airline via a tie-up with Gol.
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NewsEngine makers not ‘coming anywhere close’ to desired performance: Azul CEO Rodgerson
John Rodgerson shared sharp criticism of global engine manufacturers during Azul’s investor day.
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NewsAzul sees fleet deliveries supporting capacity growth plan for 2025
Brazilian carrier Azul believes it has secured enough additional aircraft to support its target of increasing capacity by 10% next year.believes it has secured enough additional aircraft as it targets a 10% increase in capacity next year.
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NewsBolstered Azul sees profits lift in third quarter
Brazilian carrier Azul boosted profitability and revenues in the third quarter as the low-cost carrier struck a positive note on the rest of this year and beyond.
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NewsAzul in ‘active negotiations’ with stakeholders to return to profitability
Brazil’s Azul has clarified that it is developing a new plan to return to profitability following a media report that it was weighing options for its future, ranging from additional equity support to Chapter 11 bankruptcy protection.
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NewsBrazilian legislature approves R5bn in credits for the country’s airline sector
The Brazilian legislature has passed a bill that will provide R5 billion ($914 million) in credits for its struggling airlines.
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NewsAzul reports R$3.9b loss as value of Brazilian real tanks
Azul posted a R$3.87 billion ($703 million) loss for the second quarter of the year after the devaluation of the Brazilian real to the dollar, as well as higher fuel costs, hit the company’s earnings.
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NewsBrazil’s Gol and Azul strike codeshare deal for domestic routes
Brazilian carriers Gol and Azul have agreed to connect their networks through a codeshare partnership for domestic flights.