Brazilian carrier Azul S.A. has formally emerged from Chapter 11 bankruptcy protection in the United States after completing a voluntary financial restructuring. The airline said it had repaid its debtor-in-possession (DIP) financing in full and finalised a previously announced public share offerin...

Brazilian airline Azul has secured approval from a US court for its financial restructuring plan, marking a major step forward in its efforts to stabilise the business. The company said a judge at the United States Bankruptcy Court in New York approved the plan on Monday after it received strong ...

Spirit Airlines has filed for Chapter 11 bankruptcy protection in the United States for the second time in less than a year, underscoring the carrier’s ongoing financial struggles in an increasingly competitive market. The latest filing, submitted on 29 August 2025 in the US Bankruptcy Court fo...

GOL Linhas Aéreas Inteligentes S.A. today announced that the U.S. Bankruptcy Court has decided to confirm GOL's Chapter 11 Plan of Reorganization. With confirmation secured, GOL remains on track to emerge from its restructuring process in early June 2025. Throughout the course of its United S...

Brazilian carrier GOL Linhas Aéreas Inteligentes S.A. has reached a key agreement with major creditors, securing $1.375 billion in exit financing as it moves toward emerging from Chapter 11 bankruptcy protection. In a statement released Tuesday, the airline announced it had reached an agreement in...

Spirit Airlines yesterday said it has emerged from financial restructuring, completing a "consensual, deleveraging transaction" that equitizes around $795mn of funded debt. The carrier added that it has "emerged as a stronger company" that is now "better positioned for long-term success". It c...

Spirit Airlines yesterday announced its Plan of Reorganization was confirmed by the United States Bankruptcy Court for the Southern District of New York. The carrier said it expects to emerge from chapter 11 in the coming weeks with this approval in place. "Today's approval is a major milest...

Spirit Airlines has announced that it has received approval from the United States Bankruptcy Court for the Southern District of New York for all of its requested "first day" relief in support of its prearranged chapter 11 process. Among other benefits, this relief ensures that Spirit's Team Memb...

LATAM Airlines Group S.A. and certain of its debtor affiliates in Brazil, Chile, Colombia, Ecuador, the United States and Peru (collectively, “LATAM”) released its five-year business plan along with advances regarding its exit financing process today. This milestone marks one of the final sta...