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MercoPress, en Español

Montevideo, May 29th 2025 - 13:18 UTC

Tag: Azul Airlines

  • Wednesday, May 28th 2025 - 20:41 UTC

    Azul files for Chapter 11 bankruptcy protection

    The move follows months of negotiations with creditors and investors

    Brazil's Azul Airlines, the country’s third-largest carrier, filed for Chapter 11 bankruptcy protection in a New York court on Tuesday to restructure R$ 31.35 billion (US$ 5.56 billion) in debt. The filing follows a 50.3% debt increase in Q1 2025, driven by currency volatility, high US interest rates, and supply-chain issues, including Pratt & Whitney engine recalls resulting in grounded aircraft. Additionally, partnerships with ACMI providers like EuroAtlantic faced legal challenges from Brazilian labor unions over foreign crew usage.

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  • Saturday, January 25th 2025 - 10:36 UTC

    Foreign travelers contribute significantly to Brazil's economy in 2024

    Brazilian airlines are adapting to tourism's new reality in South America's largest country

    Foreign travelers brought in US$7.341 billion in revenue to Brazil last year, the South American country's Central Bank (BCB) announced on Friday, citing a report from the Ministry of Tourism. These figures represented the best results in 15 years, and an increase of 6.28% compared to the US$6.907 billion in 2023.

  • Saturday, May 25th 2024 - 10:52 UTC

    Azul and Gol launch codeshare partnership

    “This type of commercial agreement already exists between other national and international airlines around the world,” Costa Filho explained

    Brazilian carriers Azul and Gol announced an agreement whereby each company could sell seats on codeshare domestic flights solely operated by the other, Agencia Brasil reported Friday. The understanding will become effective next month, it was also explained. Routes on which both companies compete directly are excluded.

  • Wednesday, May 22nd 2024 - 20:21 UTC

    Brazilian airlines announce services to Air Force Base in Porto Alegre

    In no case will passenger transactions be handled at the Air Force's Canoas Base but at a facility 3 kilometers away

    After it was confirmed that there is no date for the reopening of the Salgado Filho International Airport in Porto Alegre, still partially under water due to the unprecedented heavy rains that have hit the State of Rio Grande do Sul since April 29, local airlines have announced the start of services to the nearby Canoas Air Force Base, Agencia Brasil reported.

  • Monday, November 29th 2021 - 19:18 UTC

    LATAM Airlines plunges at Santiago stock exchange

    Latam CEO Roberto Alvo said Azul's proposal was “insufficient”

    Latam Airlines stock plunges over 80% at the Santiago market after a reshaping plan was announced, one which evaporated the value of current shares. The proposal is yet to be voted on by creditors between January and February 2022.

  • Thursday, November 4th 2021 - 19:54 UTC

    Azul after all of LATAM Airlines

    Azul went through the crisis without official help while LATAM is on the brink of bankruptcy

    The Brazilian airline Azul has confirmed it plans to buy over all of LATAM Airlines' operations, not only the Brazilian branch as reports showed earlier this week. Azul was founded in 2013 by Brazil-born David Neeleman, who also owns low-cost carrier JetBlue.

  • Saturday, September 11th 2021 - 10:16 UTC

    Azul returning to Uruguay in November from Porto Alegre

    Azul will serve Uruguay with Embraer E-195 E2 aircraft

    Brazilian carrier Azul will resume flights to Uruguay as of November 10 with the reopening of the Porto Alegre-Montevideo route four times a week.

  • Tuesday, August 24th 2021 - 09:30 UTC

    LATAM denies any hostile attempt to take over its Brazil operations, as reported by Wall Street Journal

    WSJ reported that Azul, Latam's main competitor, is holding talks with creditors of the Chilean group precisely because of its interest in Brazilian operations

    LATAM Airlines strongly denied on Monday it has intentions of getting rid of its operations in Brazil, given the interest of its main competitor Azul airlines, as was reported by the Wall Street Journal indicating that there were ongoing conversations with Latam creditors to purchase its Brazilian affiliate.

  • Tuesday, August 3rd 2021 - 06:21 UTC

    Brazil's Azul signs a one billion dollars deal with German manufacturer for 220 VTOL taxi aircraft

    Azul currently has 160 aircraft, operates 200 routes with 700 daily flights to a hundred destinations, and is the airline with most flights and which flies to the largest number of Brazilian cities.

    Azul, Brazil's third-largest airline announced on Monday a one billion dollars accord with German manufacturer Lilium for the purchase of 220 of VTOL electric aircraft scheduled to begin operating in 2025.

  • Saturday, May 29th 2021 - 03:50 UTC

    Brazilian airline interested in taking over LATAM Brazil

    After reporting the cancellation of the code share with LATAM Brazil, and announcing that it was looking for «consolidation opportunities» in the market, air industry sources indicate that Azul Linhas Aéreas is considering making an offer to LATAM Airlines for the Brazilian subsidiary.

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