AVIATION MARKET
Azul becomes the latest Brazilian airline to leave Chapter 11
Azul is Brazil’s latest airline to undergo — and survive — Chapter 11 restructuring. Photo: Markus Mainka/Shutterstock
Azul Airlines announced on February 20 that the company had exited Chapter 11 proceedings in the United States after nine months of financial and corporate restructuring.
With the announcement, all three of Brazil's major airlines have now completed the same type of post-pandemic financial restructuring — a milestone that market analysts say could herald a new era for the country's aviation industry.
Azul filed for bankruptcy protection in the United States in May 2025. It has now emerged from that process having…
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