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The United States Bankruptcy Court of the Southern District of New York has approved Azul Linhas Aéreas Brasileiras’ Chapter 11 reorganisation plan after receiving “overwhelming support from all voting creditors,” said the company in a notice to the market on Friday, December 12.
The carrier filed...
The United States Bankruptcy Court of the Southern District of New York has approved Azul Linhas Aéreas Brasileiras’ Chapter 11 reorganisation plan after receiving “overwhelming support from all voting creditors,” said the company in a notice to the market on Friday, December 12.
The carrier filed its plan in September. It involved eliminating over USD2 billion in debt and offering up to USD950 million in new equity, with USD650 million underwritten by backstop creditors and up to USD300 million expected from strategic partners such as United Airlines and American Airlines.
The decision of the court to greenlight the plan “reinforces the overall consistency of the proposed restructuring, enabling the company to advance to the next phases of implementation,” Azul said. It foresees emerging from Chapter 11 bankruptcy protection in the first quarter of 2026.
In recent months, Azul has completed other procedural steps, including negotiations with creditors and lessors, adjusting its fleet by rejecting older aircraft leases, dropping plans for potential orders, and slowing upcoming deliveries. The process has not been smooth, with the company’s top C-level management coming under scrutiny from Brazil’s securities and exchange commission for allegedly disclosing optimistic financial projections before filing for Chapter 11 in 2024.
15Dec2025
This article is only available with a subscription for Commercial Aviation News, Operator & Airport Data.
15Dec2025
This article is only available with a subscription for Commercial Aviation News, Operator & Airport Data.
15Dec2025
ExecuJet Caribbean, a subsidiary of Luxaviation Group, has sold St. Maarten's fixed-base operator (FBO) to Atlantic Aviation. Earlier this year, ExecuJet Caribbean renewed the FBO concession agreement with Princess Juliana International Airport Operating Company N.V. (PJIAE) and relocated to a new facility,...
ExecuJet Caribbean, a subsidiary of Luxaviation Group, has sold St. Maarten's fixed-base operator (FBO) to Atlantic Aviation. Earlier this year, ExecuJet Caribbean renewed the FBO concession agreement with Princess Juliana International Airport Operating Company N.V. (PJIAE) and relocated to a new facility, occupying 1,200 square feet (112 square metres), while FBO specialist Signature Aviation operated the other half of the terminal.
ExecuJet Caribbean began operating in St. Maarten in 2016, following the acquisition of TLC Aviation's FBO. The company continues to run an FBO at St. Martin, in the northern part of the island administrated by France, and further operates an FBO at Monterrey Mariano Escobedo in Mexico, along with several other locations across Africa, Asia-Pacific, Europe, and the Middle East.
15Dec2025
This article is only available with a subscription for Business Jet News.
15Dec2025
above™ (Birmingham, GB) has completed the rebranding of Bournemouth-based Alto Aerospace, acquired in November, to Above Aero AOC Ltd, and is relocating the company to Birmingham, GB. The move follows the delivery of above™'s first aircraft, a 2010-built Phenom 100, D-IAAS (msn 50000132), which was...
above™ (Birmingham, GB) has completed the rebranding of Bournemouth-based Alto Aerospace, acquired in November, to Above Aero AOC Ltd, and is relocating the company to Birmingham, GB. The move follows the delivery of above™'s first aircraft, a 2010-built Phenom 100, D-IAAS (msn 50000132), which was ferried to London Stansted on December 3 to and is currently undergoing maintenance at Inflite The Jet Centre ahead of its reregistration in the United Kingdom and further certification requirements.
The very light jet is being inducted into above™'s AOC and is expected to be charter-ready by spring 2026.
15Dec2025
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