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MercoPress, en Español

Montevideo, January 30th 2026 - 09:40 UTC

Tag: Chapter 11

  • Friday, December 26th 2025 - 22:28 UTC

    Brazil: Azul Airlines' stock plummets amid new issuance

    Azul is now viewed as a company in “structural transformation,” with a volatile future ahead

    Azul Airlines' stock experienced a severe market crash on Friday, with shares plummeting as much as 50% during intraday trading before settling at a 25% loss by mid-afternoon. The sell-off follows the airline's massive issuance of new shares as part of its ongoing US Chapter 11 bankruptcy restructuring.

  • 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.

  • Friday, October 15th 2021 - 15:31 UTC

    LATAM Group requests an extension of the restructuring deadline to November 26

    The LATAM Airlines Group and its affiliates appealed to Chapter 11 process in May 2020 because of the serious financial consequences suffered by the pandemic

    Latam this week requested the US Bankruptcy Court for the Southern District of New York an extension of the deadline to lodge its restructuring plan until 26 November. The request “supports the continuity of the advances in negotiations with the different parts interested in the Chapter 11 process” argued the Chilean group in its presentation.

  • Monday, July 5th 2021 - 08:07 UTC

    US Judge extends Latam's bankruptcy protection restructuring plan to September 15

    Latam filed for Chapter 11 protection in United States following the consequences on world travel caused by the ongoing pandemic

    The Latam group airlines group reported that the Federal Court from the southern district of New York approved the extension of its restructuring plan to September 15, as part of the bankruptcy protection process initiated last year.

  • Wednesday, June 28th 2017 - 18:49 UTC

    Takata to continue manufacturing airbags in Uruguay despite bankruptcy

    Unlike other auto part manufacturers in the country, Takata Uruguay has increased its output in Uruguay in recent times.

    The Uruguayan plant of the Japanese airbag manufacturer Takata, which has filed for bankruptcy protection in the United States and Japan, will continue to operate normally, Takata Uruguay plant manager José Enrique Alonso explained.

  • Tuesday, November 29th 2011 - 17:11 UTC

    American Airlines files for bankruptcy; plans to cut drastically labour costs

    The last major airline not to file for Chapter 11

    American Airlines and its parent company AMR Corp filed for bankruptcy on Tuesday after failing to win a labour deal with pilots and suffering from mounting fuel costs.