💥New Chapter 11 Bankruptcy Filing - Azul S.A.💥

South American airline files to shed $2b of funded debt.

On May 28, 2025, Brazil-based Azul S.A. ($AZUL) and nineteen affiliates (collectively, the “debtors”) filed chapter 11 bankruptcy cases in the Southern District of New York (Judge Lane). Founded in ‘08, by American-Brazilian-Cypriot and certified aviation fanatic David Neeleman,* the debtors are “… largest airline in Brazil in terms of departures and ci…