Azul exits Chapter 11, cuts about $2.5bn in debt and lease obligations
Brazil’s Azul exited US Chapter 11 on Feb. 20, 2026 after a nine‑month process, cutting about $2.5 billion of debt and lease obligations and repaying the DIP loan. Backed by United and American, the carrier will refocus on an 800‑flight daily network, fleet efficiency and regional cargo.