The United States bankruptcy court has approved the restructuring for Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos), allowing the carrier to continue its Chapter 11 bankruptcy process, which includes over USD1 billion in debtor-in-possession loans.

“During this month, at least one additional hearing shall be held to secure additional approvals,” the company said in a statement. It added that it remains focused on finalising the restructuring plan, which will allow it to improve its financial future and position the business “for…

Source: ch aviation
Read more: Azul’s restructuring process gets Chapter 11 court nod