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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
Four Corners Aviation (ULA, Dallas Addison) is set to launch Embraer Executive Jets charter operations in the first quarter of 2026 following the addition of a Phenom 300E, vice president of charter and flight control Michael Banas announced on LinkedIn.
The aircraft featured in Banas' post is...
Four Corners Aviation (ULA, Dallas Addison) is set to launch Embraer Executive Jets charter operations in the first quarter of 2026 following the addition of a Phenom 300E, vice president of charter and flight control Michael Banas announced on LinkedIn.
The aircraft featured in Banas' post is seven-year-old Phenom 300E N833LC (msn 50500500). Configured for up to nine passengers, the jet was formerly operated privately in the United States and based at Syracuse Hancock International.
As of July, Four Corners' Part 135-certified fleet comprised a Learjet 45XR, which is currently the only aircraft operating under the carrier's 'ULA' code, and a 2024-built G650ER, N898GA (msn 6589), added in May. The Gulfstream Aerospace jet is a different airframe than the one inducted in early 2025, which has since joined the charter fleet of Flexjet (LXJ, Cleveland Cuyahoga Country).
Four Corners' website further lists a 19-year-old Challenger 300, N511FC (msn 20141), as available for charter. Between late 2024 and early 2025, the carrier exited Citation-series Part 135 operations, beginning with the retirement of a Citation Excel, followed by a Citation XLS.
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
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15Dec2025
Congratulations to Starlux Airlines and JetOUT for having the youngest fleets in the world! Discover all the winners here.
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