Azul Airlines Lands $1.6B Rescue Deal: United and American Airlines Back Major Financial Transformation

Azul transforms for the future as Company reaches agreements on financial reorganization with key stakeholders, including its lenders, largest lessor, and strategic partners United Airlines and American Airlines

Company initiates pre-arranged restructuring process in the United States to effectuate agreements including approximately US$1.6 billion in debtor-in-possession financing.

American Airlines introduces 'Touchless ID' for TSA PreCheck passengers

American Airlines has announced the rollout of TSA PreCheck® Touchless ID for AAdvantage® members, offering what it says is a faster and easier way to verify identification. This new feature allows passengers to move through a separate security lane using facial recognition instead of a boarding pass or ID. Once opted in, members remain enrolled for a year and can opt out at any time. The TSA PreCheck® Touchless ID is currently available at Wash…

Azul Enters Chapter 11 Secures $1.6B DIP; United, American support

Azul Linhas Aéreas has formalized its entry into a capital restructuring process under Chapter 11 of the U.S. Bankruptcy Code. The decision aims to optimize its financial structure and strengthen its position as a key player in the competitive Latin American air market. The Brazilian airline thus joins other companies in the region such as Aeroméxico, LATAM, and Avianca, which utilized this mechanism to navigate turbulent periods and emerge stro…

Will American, Azul, And GOL, Form A Throuple? What About United?

Earlier, I covered how Azul filed for Chapter 11 bankruptcy protection. On the surface, this isn’t a huge deal, since operations should continue as usual, and this is just a balance sheet exercise. However, there’s one thing that piqued my interest — American Airlines is supporting the restructuring (financially), though it’s not entirely clear what this will look like. This is fascinating, because the two airlines don’t currently have a partner…

Azul (blue4) fits with a request for judicial recovery in the United States - Global Happenings

Blue (blue4) calls for judicial recovery in the United States (image: ISTOCK/MIGLAGOA) THE Blue (Blue4)one of the largest airlines in Brazil, announced on Wednesday (28) that filed a request for Judicial Recovery in the United Statesthrough the call Chapter 11. According to a relevant fact, the company reported that it started a pre-coorded restructuring process USA to enable agreements involving approximately $ 1.6 billion in DIP (DIP-in-…

Azul Airlines Lands $1.6B Rescue Deal: United and American Airlines Back Major Financial Transformation

Brazilian airline secures $1.6B financing and eliminates $2B debt through strategic restructuring. United and American Airlines commit to future equity investment. See transformation plan.