Azul’s $950 Million Lifeline Marks Final Chapter in Brazilian Aviation’s Painful Reckoning

2026-02-03 - 17:15

Key Points Azul launches up to $950 million stock offering on NYSE as final step to exit Chapter 11 bankruptcy by late February, backed by United Airlines and American Airlines investments. Brazil’s three largest airlines—LATAM, GOL, and Azul—have now all undergone U.S. bankruptcy restructuring, eliminating over $2 billion in debt industry-wide. Existing shareholders face 80%