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Azul Airlines Received Interim Court Approvals For All Of Its "First Day" Motions Related To The Company's Voluntary Chapter 11 Petitions Filed In The United States On May 28, 2025; Granted Approval For The Company To Immediately Access $250M Of Its $1.6B DIP Financing

Benzinga · 05/30 15:53

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Company operations and sales continue as usual, honoring all tickets, loyalty points, travel packages and Customer benefits

Secures approval to access debtor-in-possession financing to bolster liquidity during restructuring

Reaffirms commitment to safely connecting Brazil with Customer service of excellence

SÃO PAULO, May 30, 2025 /PRNewswire/ -- AZUL S.A. ((B3: AZUL4, NYSE:AZUL) ("Azul" or "Company"), the largest airline in Brazil by number of flight departures and destinations, announced today that following a successful First Day Hearing, it received interim court approvals for all of its "First Day" motions related to the Company's voluntary Chapter 11 petitions filed in the United States on May 28, 2025.

Among other relief, the Court granted approval for the Company to immediately access US$250 million of its US$1.6 billion debtor-in-possession ("DIP") financing. This financing, combined with other Court approvals and revenue generated from Azul's ongoing operations, will provide sufficient liquidity to support the continued, uninterrupted operations as the Company works to transform its financial future.

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