AZUL announced today that, following a successful Initial Hearing, it has received all court approvals for its “Day One” petitions related to the Company’s voluntary Chapter 11 filing in the United States on May 28, 2025.
Among other measures, the Court granted approval for Azul to immediately access US$250 million of its US$1.6 billion DIP financing. This financing, combined with other court approvals and proceeds from ongoing operations, will provide sufficient liquidity to sustain operations uninterrupted as the Company works to transform its financial future.
“The Court’s approval of all of our Day One motions is a key milestone in positioning Azul for long-term success,” said John Rodgerson, Azul’s CEO. “These approvals, along with the strong from our financial partners, including United Airlines, American Airlines and AerCap, allow us to continue pursuing our accelerated transformation plan for the future. This process will enable Azul to significantly reduce leverage, matching its global peers and is an important prerequisite for continued cash generation.” he added.
The “Second Day” hearing with the Court is currently scheduled for July 9, 2025, at 15:XNUMX p.m. (Brasília time).
Via Azul
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