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Azul S.A. (B3:AZUL4; NYSE:AZUL) announced Wednesday it has received all court approvals requested for its Second Day Hearing in the company’s voluntary Chapter 11 process in the United States. The approvals, granted during the hearing, allow Azul to continue its restructuring as planned.
The airline initially filed for Chapter 11 protection on May 28, 2025. The Second Day Hearing approvals follow provisional permissions from the First Day Hearing and ensure the process will continue according to the company’s restructuring plan.
Azul stated that at least one additional hearing is scheduled for later this month to secure further approvals related to its ongoing restructuring. The company, with the support of external advisors, is working to finalize its restructuring plan.
Azul said it will continue to inform shareholders, customers, employees, and the market of material developments in the restructuring process in accordance with applicable laws and regulations.
This information is based on a press release statement included in the company’s recent SEC filing.
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