Azul exits Chapter 11 after nine‑month restructuring, cutting about $2.5bn of debt and leases
Azul exited U.S. Chapter 11 on Feb. 20 after a nine‑month restructuring that cut roughly $2.5bn of debt and lease obligations and repaid its DIP facility. With commitments from United and American, the carrier will refocus on an 800‑flight‑a‑day network, regional cargo growth and a leaner, more efficient fleet.