Brazilian airline Azul is set to file for Chapter 11 bankruptcy protection in the United States as soon as Tuesday (May 28, 2025), newspaper Valor Economico reported, citing sources.

GOL and Azul would integrate financial and operational functions like a single reservation system but would maintain distinct airline brands. Together, they operate a combine 14 routes to Florida.

Shares of Azul have dropped some 51% in the past six months while Gol has gained 31.5%, according to data compiled by Bloomberg.

SÃO PAULO, Jan. 15, 2025/ PRNewswire/-- Azul and Abra, the majority investor of Gol and Avianca, have announced today they have signed a non-binding Memorandum of Understanding with the intent to ...

Brazilian carrier Azul SA and the principal shareholder for rival Gol Linhas Aereas Inteligentes SA reached an agreement to work toward a merger, potentially creating one of the largest airlines ...

The Brazilian operator Azul has quickly manoeuvred a balance sheet restructuring that should set the stage for the company to become an even fiercer competitor in the Latin American aviation market.

For starters, Azul offers direct connectivity to 111 destinations in Brazil, with 351 unique city pairs. The Azul network covers almost the same number of destinations as GOL and LATAM combined as ...

Gol and Azul are respectively Brazil's second and third-largest airlines by revenue passenger kilometer, a gauge of traffic. Each have around 30% of domestic market share, behind LATAM's (LTM.SN ...

Azul shares jumped over 10% on the announcement, while shares of Gol rose as much as 19%. Gol and Azul are respectively Brazil's second and third-largest airlines by revenue passenger kilometer, a ...

Poço Azul, near the small town of Riachão in the northeastern region of Brazil, is very similar to Poço Encantado - a wonderful cave with intense blue water hidden in the dry landscape of Bahia.

As part of the deals, Azul said it has issued $370 million of 7.5% unsecured notes due 2030, while also agreeing to give lessors and manufacturers up to $570 million in preferred shares of the ...