Azul Linhas Aéreas is moving forward with a deep restructuring of its capital structure through a judicial recovery process in the United States under Chapter 11 of the U.S. Bankruptcy Code. The measure, which will be formalized this Wednesday, May 28, aims to position the company as a more efficient and competitive operator in the Latin American aviation market, which, since the pandemic, has already seen some of its main players enter and exit Chapter 11, including Aeroméxico, LATAM, and Avianca (Brazil’s GOL, the most recent to file, is still in the process of emerging).The airline, which serves 160 destinations and transported 30 million passengers in 2024, enters the process with prearranged agreements with key creditors, its largest aircraft lessor (AerCap), and strategic partners such as United Airlines (which already holds 2.02% of the capital) and American Airlines.The operation includes a debtor-in-possession (DIP) financing package of US$1.6 billion, which will cover part of the existing debt and provide approximately US$670 million in additional liquidity. In addition, a rights offering of up to US$650 million, along with a potential equity injection of up to US$300 million from the U.S. carriers, will strengthen Azul’s exit from the process.In an interview with Folha de S. Paulo, Azul CEO John Rodgerson confirmed that upon the completion of the judicial process, United and American could each invest between US$100 million and US$150 million in exchange for a significant equity stake and seats on the board of directors. The realization of this investment will depend on the final approval of the restructuring plan, according to partner media outlet AEROIN.Rodgerson emphasized that the process represents a pause in negotiations with Abra Group, the holding company that controls Gol Linhas Aéreas, which is also undergoing restructuring. "By deleveraging, Azul will fly higher. We are entering the process with an exit already in mind,” the executive said.He noted that the goal is to cut total debt in half and reduce the debt-to-EBITDA ratio from four to around two times. The expectation is to complete the restructuring within six to twelve months, aided by pre-negotiated agreements for both entry and exit from Chapter 11.In 2024, Azul recorded an adjusted net loss of BRL 1.057 billion (~USD 187 million), with a positive operating result of BRL 3.507 billion (~USD 621 million).Regarding operational continuity, Azul stated it will maintain all flights, customer benefits, and commercial operations without changes, while ensuring its commitments to employees, suppliers, and passengers remain in effect. "Azul continues to fly – today, tomorrow, and into the future," said Rodgerson.“With a collaborative approach and the support of our stakeholders, we have made a strategic decision to pursue a voluntary financial restructuring as a proactive move to optimize our capital structure, which was burdened by the COVID-19 pandemic, macroeconomic headwinds and aviation supply chain issues. Our strategy is not just about financial reorganization. By using this process, we believe that we are creating a robust, resilient, industry-leading airline – one that Customers will continue to love flying, at which Crewmembers will continue to love working, and that will create value for our stakeholders," he added.<figure class="image"><img src="https://aviacionlinecdn.eleco.com.ar/media/2017/03/Uruguaiana-Aeropuerto-Azul.jpg" alt="Uruguaiana – Aeropuerto – Azul"><figcaption>Uno de los pilares de Azul es operar hacia una extensa red de aeropuertos regionales de Brasil son sus ATR 72-600.</figcaption></figure>AerCap CEO Aengus Kelly expressed confidence that Azul will emerge “stronger than ever,” highlighting that both companies are the largest operators of Embraer E2 aircraft, thereby supporting the Brazilian aviation industry."United was proud to begin cooperating with Azul in 2014 and to invest in Azul in 2015. Since that time, we have connected hundreds of thousands of passengers and are excited about the opportunity to grow this business even more,” said Andrew Nocella, Executive Vice President and Chief Commercial Officer of United Airlines."Azul is more than just a commercial partner for United – their customer-first approach and unique route network connecting small and large communities have improved the passenger experience in Brazil. That’s why we support Azul’s restructuring process and have entered into an agreement to build a stronger relationship in the future," he added.Stephen Johnson, Vice Chair and Chief Strategy Officer for American Airlines, added that “we are confident that Azul’s plan to strengthen its future will be extremely positive for the Brazilian aviation market and for travelers to, from, and within Brazil.”“American Airlines has served Latin America since 1942 and is proud to operate flights to 14 destinations in South America. Our service, together with that of our partners GOL and JetSMART, combined with the strength and breadth of Azul’s network, will provide our customers with a unique travel option between the Americas and even greater connectivity within Brazil and South America. We are excited to support this process and be part of Azul’s future,” he concluded.As part of this transformation, the company’s board of directors approved the creation of a Special Independent Committee, composed of Renata Faber Rocha Ribeiro, Jonathan Seth Zinman, and James Jason Grant, all independent directors. This committee will serve as an advisory body to the board, with the authority to evaluate, plan, and oversee negotiations related to the Chapter 11 restructuring process.In parallel, Azul announced the suspension of its financial projections for 2025, in light of the new context.<h3>Download document:&nbsp;</h3><ul><li><a href="https://1drv.ms/b/c/4dc152064cb06ef6/EdWqiH1vNLxMjsvrWeYs-7oBkaX3tj0YQI_Vzw8Xq7TdJA?e=xKg1iL">Azul's Discussions Materials regarding Chapter 11</a></li><li><a href="https://1drv.ms/b/c/4dc152064cb06ef6/ES9GZhxblPNOkaX8Zu_vHfIBlUC2KKHynah9vemnG8M7gQ?e=Ie8v36">Azul's 1Q2025 - Financial Statements</a></li><li><a href="https://1drv.ms/b/c/4dc152064cb06ef6/ESRK2m58RThJtnh_R2zyGnQB3vJClb36Gdchl3icpJkp5g?e=fLWc7S">Azul's 4Q2024 - Financial Statements</a></li></ul>

Azul hits reset: Chapter 11 filing backed by AerCap, American Airlines, and United Airlines

Persistent rumors in Brazilian aviation circles suggest a potential partnership between GOL Linhas Aéreas and Embraer, possibly leading to the addition of E-Jets E2 aircraft to GOL's fleet. For a long time, this scenario existed mainly as a recurring rumor in aviation forums, with no official confirmation of any formal talks or negotiations between the two companies.However, recent reports shared by the “Viajando com o Luiz” channel and echoed by our partner outlet <a href="https://aeroin.net/segundo-fontes-gol-estaria-avancando-nas-negociacoes-com-a-embraer-para-operar-avioes-e-jets-e2/">AEROIN</a> indicate that discussions may have reached an advanced stage. Sources linked to the companies reportedly stated that the process is progressing steadily toward a deal.According to the reports, current discussions are focused on the seating configuration for the E195-E2 model and aircraft delivery timelines. Additionally, a GOL delegation is said to have traveled to the Netherlands. The trip’s objective would be to negotiate crew training programs, given that Dutch carrier KLM operates the E195-E2 and has the necessary flight simulators for pilot instruction.GOL Linhas Aéreas currently operates an all-Boeing 737 fleet, including 737-700, 737-800, 737 MAX 8, and 737-800 BCF freighters. The Embraer E195-E2 could provide the airline with a tool to optimize regional routes and enter new markets that may not justify the larger capacity of a 737.The E195-E2’s range would allow it to serve destinations across South America, parts of the Caribbean, and even the western edge of Africa, using a more efficiently sized module—typically configured with 120 to 146 seats—offering more balanced operating costs.<figure class="image image_resized" style="width:100%;"><img src="https://aviacionlinecdn.eleco.com.ar/media/2025/05/e195_e2_gol.jpg" alt="E195-E2 GOL"></figure><section class="noteSuggested" data-id="39238" data-title="You might be interested"></section>This development comes at a pivotal moment for GOL. On May 20, the airline received U.S. court approval for its reorganization plan and aims to conclude its Chapter 11 recovery process by June 2025. Industry observers speculate that GOL may be waiting for this milestone to make any formal announcement regarding a deal with Embraer.Neither GOL Linhas Aéreas nor Embraer has released an official statement confirming the advanced negotiations or details about a potential E-Jets E2 acquisition. The aviation sector remains alert to any updates, especially as GOL emerges from Chapter 11—an event that could mark the beginning of a new chapter for the airline, potentially featuring aircraft manufactured in Brazil.

GOL Linhas Aéreas in Advanced Talks with Embraer over E195-E2 Jets, Sources Say

On Saturday, May 24, a Global Crossing Airlines (GXA) Airbus A321 arrived at Fortaleza International Airport in Ceará, Brazil, carrying 103 Brazilian citizens deported from the United States. The arrival was reported by Agência Brasil as part of a series of repatriation efforts coordinated by the Brazilian government.Of the total number of returnees, 90 were men and 13 were women. More than a third of the group were between 18 and 29 years old. Three individuals had outstanding legal issues in Brazil and were taken into custody by the Federal Police upon arrival.After this initial stop in Fortaleza, 76 of the deportees continued their journey to Belo Horizonte International Airport in Confins, Minas Gerais. They were transported aboard an aircraft operated by the Brazilian Air Force (FAB), though the model of the aircraft was not specified.The Brazilian Ministry of Human Rights led the interministerial operation to receive the returning citizens. The reception process included a humanitarian assistance framework supported by the Federal Police and the Ministries of Health, Justice, Foreign Affairs, Defense, and Social Development and Assistance. State governments of Ceará and Minas Gerais also contributed to the operation.According to <a href="https://aeroin.net/mais-103-brasileiros-foram-deportados-pelos-estados-unidos-no-airbus-a321-que-chegou-a-fortaleza-no-sabado/">Aeroin</a>, a partner media outlet, the returnees received hygiene kits, food, psychosocial support, and access to essential public services such as the Unified Social Assistance System (SUAS), the Unified Health System (SUS), the Public Defender's Office, and consular services. For those without immediate housing upon arrival, temporary shelter was provided. Additionally, bus tickets were arranged to help them return to their home cities, in coordination with the National Land Transport Agency (ANTT).Since February of this year, Brazil has repatriated 783 citizens who were in vulnerable situations abroad. Most of these deportations have come from the United States, which continues to enforce an active policy of deporting undocumented immigrants. Deportation flights are typically operated by charter airlines under contract with U.S. authorities, such as Global Crossing Airlines, which uses a fleet of Airbus A320 family aircraft.

A Global Crossing Airbus A321 Lands with 103 Deported Brazilians

GOL Linhas Aéreas has expanded its codeshare partnership with Air France, now including the route between Cayenne (French Guiana) and Fortaleza. The new codeshare service began on May 20, with Air France operating a weekly flight using an Airbus A320, according to our partner outlet <a href="https://aeroin.net/gol-expande-acordo-de-codeshare-com-a-air-france-para-incluir-voos-na-guiana-francesa/">Aeroin</a>.Flight details:<ul><li>Flight AF-608/G3-5292: Departs from Cayenne (CAY) at 1:05 PM, arriving in Fortaleza (FOR) at 4:00 PM.</li><li>Flight AF-609/G3-5293: Departs from Fortaleza (FOR) at 3:00 PM, arriving in Cayenne (CAY) at 5:50 PM.</li></ul>This expansion of the codeshare agreement offers GOL passengers greater international connectivity and makes it easier to travel between the Amazon region and Europe, increasing flexibility for travelers.

GOL Linhas Aéreas expands codeshare partnership with Air France to include Cayenne–Fortaleza route

Signs of a possible Chapter 11 filing in the U.S. by Azul Linhas Aéreas are intensifying, with reports suggesting the airline is already negotiating financing to support the move. According to Bloomberg, the company founded by David Neeleman is seeking approximately $600 million in DIP (Debtor-In-Possession) financing to maintain operations during a potential restructuring under U.S. bankruptcy law—a step that could be taken as early as next week.Azul's situation unfolds within a challenging landscape for Brazilian commercial aviation. While its competitor GOL Linhas Aéreas is preparing to wrap up its own Chapter 11 case in the U.S., and Voepass Linhas Aéreas struggles to get approval for its reorganization plan in Brazil—having yet to resume regular operations—Azul appears to be heading down a similar path.The airline, until now the only major carrier founded after Brazil’s aviation sector deregulation in the 1990s to avoid judicial recovery or bankruptcy, is now facing mounting financial pressure. Despite surviving the pandemic without seeking court protection, the maturing of debt agreements and the sustained strength of the U.S. dollar against the Brazilian real are placing heavy strain on its finances.With capital markets out of reach and no concrete progress from the Brazilian government on a proposed credit line for the industry, Chapter 11 emerges as a viable route for restructuring the airline’s liabilities.In an effort to bolster its market position, Azul had previously explored acquiring LATAM Airlines Group and is currently in talks for a potential merger with GOL Linhas Aéreas. However, this latter option appears increasingly unlikely amid GOL’s ongoing restructuring and the inherent complexities of such a merger.If confirmed, Azul would become the third Brazilian airline to undergo judicial recovery simultaneously, highlighting the ongoing challenges in Latin America’s largest aviation market. The company—known for its extensive domestic network and a diverse fleet including Embraer, ATR, and Airbus aircraft—now faces a complicated legal and financial process as it strives to secure its long-term viability.

Reports indicate Azul is unlikely to avoid entering Chapter 11 in the coming days

GOL Linhas Aéreas has received approval from the U.S. Bankruptcy Court for its Chapter 11 Reorganization Plan, paving the way for the airline to exit financial restructuring by June 2025. According to the company, this milestone will allow it to emerge with a stronger financial position and greater operational capacity.During the process, GOL secured $1.9 billion in exit financing to repay its Debtor-in-Possession (DIP) loan and support the execution of its business strategy. The airline also restructured significant liabilities and renegotiated key contracts. GOL states that these measures will reduce its pre-existing financial debt by up to $1.6 billion, along with an additional $850 million in other obligations.Among the highlights, GOL notes the acquisition of $1 billion in DIP financing, agreements totaling $1.1 billion with aircraft lessors, and access to $340 million in receivables advance, critical for working capital in Brazil. The company also signed an agreement with Boeing, which will provide $262 million in liquidity and more than $700 million in concessions through 2029.“We are entering a new phase of recovery with a strong market position,” the company said. Following the restructuring, GOL projects liquidity of around $900 million, and aims to reduce its net debt/EBITDA ratio to 2.9x by the end of 2027.Operationally, GOL expects its fleet of Boeing 737s to be fully restored by Q1 2026, with five new MAX aircraft arriving in 2025. In the first quarter of this year, the airline reported a 19.4% increase in net revenue and a 17.4% rise in recurring EBITDA year-over-year, surpassing expectations set in its five-year plan.<section class="noteSuggested" data-id="38897,38908" data-title="You might be interested"></section>GOL currently operates in 65 domestic and 16 international destinations, serving 30 million passengers in 2024. The airline also highlights its Smiles loyalty program, which includes over 50 partner airlines and offers 550,000 redemption options.The company has scheduled a general shareholders meeting for May 30 to approve the capital increase outlined in the plan. According to GOL, the implementation will lead to a significant dilution of outstanding shares, though preferential rights under Brazilian law will be upheld.

GOL Linhas Aéreas Receives U.S. Bankruptcy Court Approval for Chapter 11 Reorganization Plan

Speculation is mounting over a potential Chapter 11 bankruptcy filing by Azul Linhas Aéreas, following the release of the airline's latest financial results.Azul remains the only major Brazilian airline yet to seek court protection, with competitor GOL currently undergoing Chapter 11 proceedings in U.S. courts, while LATAM has already completed its restructuring and returned to profitability.In the first quarter of 2025, Azul reported an adjusted net loss of R$ 1.816 billion, despite benefiting from a drop in the U.S. dollar, which helped the airline post an accounting profit of R$ 783 million, largely due to a positive R$ 2.567 billion from “net foreign exchange variations.”Earlier this month, AV's partner outlet <a href="https://aeroin.net/rumores-sobre-chapter-11-da-azul-linhas-aereas-se-intensificam-no-mercado/">AEROIN</a> reported that Chapter 11 rumors were circulating among the airline’s top executives. Now, sources cited by Bloomberg confirm that Azul is in active talks with creditors to explore its options, with Chapter 11 protection in the U.S. being seriously considered.Operationally, there is also speculation that Azul may soon revive its LNR (Unpaid Leave) program in an effort to reduce labor costs. The program was first implemented during the COVID-19 pandemic, allowing employees to take on other jobs while still retaining benefits such as health insurance and social security, and maintaining a formal link with the company.For passengers, major disruptions are not expected. Both GOL and LATAM underwent similar restructuring processes with minimal operational changes, and without significant impact on fares or service quality. If Azul moves forward with Chapter 11, the airline would be temporarily shielded from repaying its current debts, while it works on an internal reorganization plan.

Rumors Grow Around Possible Chapter 11 Filing by Azul Linhas Aéreas

Audi do Brasil and the LATAM Pass loyalty program have launched a new phase of their exclusive regional partnership. Between May 15 and 31, 2025, customers who purchase the Audi Q5 plug-in hybrid—in both SUV and Sportback versions—will receive 150,000 LATAM Pass miles.The promotion is valid at more than 40 Audi dealerships across Brazil, and the accumulated miles can be redeemed for domestic and international flights, in accordance with LATAM Pass rules and the customer’s loyalty tier.This campaign marks the second phase of the Audi-LATAM collaboration. The first, held in November 2024, was a two-week pilot project. Its success prompted the return of the initiative, now extended to meet the high demand from customers who requested its continuation.“We launched the first phase at the end of last year, and after the strong sales response, we decided to bring back this exclusive offer in May, close to the school holidays,” said Renato Celiberti, Sales Director of Audi do Brasil, as quoted by partner media outlet <a href="https://aeroin.net/passageiros-que-comprarem-novo-audi-ganharao-150-mil-milhas-na-latam/">AEROIN</a>. “We chose the Q5 plug-in hybrid, a technological, comfortable, and safe model, ideal for family travel,” he added.The campaign covers the following versions of the Audi Q5 plug-in hybrid:<ul><li>Q5 Performance 2.0 TFSIe S tronic quattro – from R$ 433,990 (~USD 76,000)</li><li>Q5 Performance Black 2.0 TFSIe S tronic quattro – from R$ 456,990 (~USD 81,000)</li><li>Q5 Sportback Performance 2.0 TFSIe S tronic quattro – from R$ 485,990 (~USD 86,000)</li><li>Q5 Sportback Performance Black 2.0 TFSIe S tronic quattro – from R$ 507,990 (~USD 90,000)</li></ul>In addition to miles, buyers will also receive a three-year warranty, 0% financing, or a trade-in bonus when exchanging their current vehicle for a new Audi.“We’re pleased to see the partnership between LATAM and Audi growing stronger,” said Martin Holdschmidt, General Director of LATAM Pass in Brazil. “Two years ago, we began offering a premium boarding experience at Congonhas Airport using sophisticated Audi Q8 e-tron vehicles for our Black Signature customers. With this initiative, we aim to provide more opportunities for earning miles and recognition—even through car purchases,” he concluded.&nbsp;

Audi and LATAM Pass Relaunch Exclusive Partnership With Q5 Plug-In Hybrid Promotion in Brazil

A judicial decision issued Tuesday (13) may offer a crucial reprieve for Voepass, the Ribeirão Preto-based airline struggling to restructure following the suspension of its operations. The Brazilian Federal Court authorized the company to lease its airport slots to other carriers, a move that could generate revenue and stave off financial collapse.The injunction was granted by Judge José Guilherme Di Rienzo Marrey, who ruled that the slots remain the property of Voepass, despite the activity suspension imposed by Brazil’s National Civil Aviation Agency (ANAC).“Given that the slots still belong to the claimant, I authorize their leasing, with monthly reporting,” the judge stated.As reported by g1, the court's decision follows ANAC’s recent announcement of the temporary release of 28 Voepass slots at São Paulo’s Congonhas and Guarulhos airports for redistribution among other airlines. The agency based its move on Voepass’s failure to meet the minimum operational standards during the 2025 summer season.Voepass had its operating license suspended on March 11, after an ANAC audit found serious safety violations. The audit was triggered by the August 2024 crash in Vinhedo (SP), which resulted in 62 fatalities and intensified the airline’s financial woes. Voepass subsequently filed for judicial recovery, a process still underway, according to <a href="https://aeroin.net/justica-autoriza-voepass-a-arrendar-slots-a-outras-companhias-dando-folego-a-recuperacao-judicial/">AEROIN</a>, our media partner in Brazil.With permission now granted to lease its slots, Voepass hopes to generate cash flow while grounded. In its legal filing, the airline noted that slot leasing is a common strategy used by other carriers in similar situations, and is permitted under ANAC Resolution 682/2022, which allows the transfer of time slots between operators.<section class="noteSuggested" data-id="38867,38401" data-title="You might be interested"></section>The airline argued that leasing its slots is essential for financial reorganization, preserving jobs, repaying debts, and maintaining a foothold in the market. “Despite the crisis and temporary suspension, Voepass still holds a license to operate regular flights and continues to attract investor interest,” the company stated.The **commercial use of its Congonhas and Guarulhos slots—some of the most valuable in Brazil—**could be key to avoiding bankruptcy and giving Voepass time to meet ANAC’s safety requirements and resume operations.

Court Ruling Offers Voepass Lifeline Through Slot Leasing Amid Operational Crisis

LATAM Airlines Brasil Announces New Domestic Route Between Brasília and Campinas/Viracopos Starting August 1, 2025, LATAM Airlines Brasil will launch a new domestic route connecting Brasília (BSB) with Campinas/Viracopos (VCP). The service will include three daily round-trip flights operated with Airbus A320 family aircraft, configured to carry 174 passengers.Campinas, located in the state of São Paulo, is considered a strategic point due to its proximity to São Paulo’s capital and the growing role of Viracopos as a logistics hub. LATAM aims to capture both business and leisure traffic on a route already served by other carriers such as Azul, which uses Viracopos as its primary hub.From Brasília, flights will depart at morning, afternoon, and evening intervals, while the return flights from Viracopos to Brasília will also operate three times daily, ensuring smooth connectivity for travelers moving between the Federal District and São Paulo’s interior.<section class="noteSuggested" data-id="38966,38909" data-title="You might be interested"></section>The addition of this route is part of LATAM’s broader strategy to strengthen its position in the Brazilian market, particularly by expanding point-to-point routes with high potential demand. Industry data shows the Brasília–Campinas corridor has seen steady growth in passenger traffic, driven by both business travel and regional tourism.This connection also enhances access from Brasília to São Paulo’s interior without needing to transit through Guarulhos or Congonhas, helping to ease congestion at major hubs and providing more direct alternatives.

LATAM Airlines Expands to São Paulo’s Third Airport with Flights from Brasília

Brazil’s National Civil Aviation Agency (ANAC) has announced that, as of May 11, 2025, the 20 daily slots held by Voepass Linhas Aéreas at Congonhas Airport (CGH) and the eight slots at Guarulhos International Airport (GRU) will be made available to other airlines. This temporary measure applies solely to the current Summer 2025 aviation season, which runs from March 30 to October 25, 2025.ANAC’s decision is based on Resolution No. 682 of June 7, 2022, which governs the allocation and monitoring of airport infrastructure use, complemented by Decisions No. 533 and No. 534, issued on the same date, which define the coordination parameters for Congonhas and Guarulhos airports.The redistribution of Voepass’s takeoff and landing slots is a direct result of the airline’s failure to meet the minimum 80% regularity rate required by ANAC for its scheduled operations at both airports. Under Brazil’s slot regulations, if a carrier fails to maintain the required regularity, its slots may be reallocated to other airlines interested in expanding their services.Voepass Linhas Aéreas, based in Ribeirão Preto and operating a fleet mainly composed of ATR aircraft, has faced a suspension of operations since March 11, 2025. According to reporting by our partner outlet <a href="https://aeroin.net/anac-informa-que-voepass-perdeu-espaco-em-congonhas-e-guarulhos-e-seus-slots-estao-liberados-para-a-atual-temporada/">Aeroin</a>, this precautionary suspension was imposed by ANAC and will remain in place until the airline demonstrates its ability to operate in compliance with aviation safety regulations, including having a sufficiently robust Safety Management System (SMS). Reports from April 2025 indicated that Voepass had filed for judicial recovery.Brazil’s current slot regulation aligns with established international practices, aiming to promote efficiency and optimize infrastructure use at congested airports. In Brazil, five airports are coordinated under this slot distribution system, with Congonhas being one of the most in-demand. Voepass’s presence at Congonhas accounted for approximately 3% of the airport’s total slots. Congonhas serves as a critical domestic hub, while Guarulhos is Brazil’s main international gateway and a key logistics center.<section class="noteSuggested" data-id="38405,38333" data-title="You might be interested"></section>Slot allocation in Brazil is divided into two seasons each year: Summer (S), from March to October, and Winter (W), from October to March. Regularity and performance assessments are based on comparisons with equivalent periods to ensure a balanced analysis. For this reason, the unused Summer 2025 slots held by Voepass are now open to any airline that meets the regulatory criteria, for the remainder of the season.It is important to note that this temporary use will not confer historical rights for the Summer 2026 season (S26). For S26, these slots will return to ANAC, which will carry out a new distribution process aimed at attracting new entrants and encouraging competition.Initially, in March, ANAC had decided to maintain the slots assigned to Voepass, considering the precautionary nature of the suspension and the possibility that the airline could resume operations in time to preserve its historical rights. However, such a return to operations has not materialized. Resolution No. 682 of 2022 modernized the rules on airport coordination, even introducing the possibility of a secondary slot market under certain conditions to stimulate more dynamic usage.

ANAC Brazil releases Voepass slots at Congonhas and Guarulhos

Infraero, the state-owned company that manages airports in Brazil, will increase fees at Rio de Janeiro’s Santos Dumont Airport (SDU) by up to 36%. The measure was approved by the National Civil Aviation Agency (ANAC) after Infraero argued that its revenues had declined due to operational restrictions imposed on the airport.Santos Dumont Airport, traditionally one of Brazil’s ten busiest and a crucial hub for domestic traffic, has faced an annual capacity limit of 6.5 million passengers since 2023. This directive, issued by the Ministry of Ports and Airports (MPOR), aimed to reduce congestion and improve service quality at a terminal that had been operating beyond its design capacity. For context, Santos Dumont processed more than 10 million passengers in 2022, and in 2023—despite the restriction being in effect only from November—it still reached 11.4 million passengers.These operational limitations directly affected Infraero’s revenue structure. The company reported a 49% drop in boarding and landing revenues in 2023, while connection fees plummeted by 97%, according to figures published by Folha de São Paulo.With the fee adjustment, the average revenue per passenger at Santos Dumont will rise from R$ 56.5 to R$ 77.2, an increase of R$ 20.7. Infraero maintains that this revision is essential to offset revenue losses and to ensure the viability of planned investments totaling R$ 400 million through 2026.<section class="noteSuggested" data-id="26418,26256,22709" data-title="You might be interested"></section>According to <a href="https://aeroin.net/alegando-perda-de-passageiros-infraero-e-autorizada-a-aumentar-tarifas-no-santos-dumont/">Aeroin</a>, one of our partner outlets, Infraero explained that “fees at Santos Dumont have historically been aligned with those at Congonhas, which already underwent a rate adjustment after privatization. We’re simply aligning the values,” while also emphasizing its commitment to operational efficiency, financial sustainability, and service quality.It’s important to note that this increase affects the fees charged to airlines for services such as passenger boarding, connections, landings, and aircraft parking. These costs are typically passed on to consumers in the price of airline tickets.Government policy has also redirected flights to Galeão International Airport (GIG), which is farther from the city center and has significant unused capacity. Despite the restrictions and resulting revenue decline, Santos Dumont was Infraero’s second most profitable terminal in 2023, generating revenues of R$ 616 million (about USD 109 million). Galeão’s operations are run through a joint venture between Infraero and private partners under the RIOgaleão Consortium.Infraero had been requesting this fee increase since May 2024. Final approval was granted in March of this year, following a technical review by ANAC and MPOR.

Brazil: Infraero receives authorization to increase fees at Santos Dumont Airport

David Neeleman, a well-known figure in the aviation industry and current CEO of Breeze Airways, recently shared his insights on the state of aviation in the United States and Latin America, as well as the challenges and opportunities facing airlines. Speaking on the “Window Seat” podcast by Aviation Week, Neeleman discussed key topics such as the supply chain and air traffic management with Aaron Karp, senior editor of Routes and Air Transport World.Neeleman described a divided U.S. market. He noted that major legacy carriers like Delta, United, and American are performing well post-pandemic. In contrast, low-cost carriers such as Spirit and Frontier are struggling to compete with the larger operators. The increase in capacity by the major airlines and the introduction of basic fares have eroded the cost advantage traditionally held by ultra-low-cost carriers (ULCCs).On the topic of aircraft delivery delays—a persistent issue in the industry—Neeleman acknowledged that supply chain challenges remain, even four years after the global health crisis began. He mentioned that while deliveries are delayed by two to six weeks, Breeze Airways is adapting to the situation. He emphasized the importance of maintaining strong relationships with suppliers, particularly in regard to aircraft engines, which are critical to operations.<h3>International expansion and focus on South America</h3>When asked about Breeze’s international expansion plans, Neeleman explained that the airline already operates international charter flights but is working toward establishing scheduled services. He noted that Breeze is currently reviewing manuals and collaborating with the Federal Aviation Administration (FAA) to obtain the necessary certification for international operations, which are expected to begin in the upcoming winter season.Regarding the South American market, Neeleman praised Azul Linhas Aéreas—a carrier he co-founded—and highlighted similarities between Breeze and Azul in their operating models. He pointed to the significant growth potential in Brazil, where the proportion of people who travel by air remains relatively low compared to other countries in the region. Azul, with its extensive network serving 150 cities in Brazil, exemplifies the potential of Brazilian aviation.<h3>Financial outlook for Breeze Airways</h3>Toward the end of the conversation, Neeleman addressed Breeze’s financial situation. He noted that while the airline was not profitable in the fourth quarter of last year, expectations for the second quarter of 2025 are optimistic. He stressed the importance of achieving profitability and expressed confidence in Breeze’s market position. Neeleman concluded by stating, “We’re in a very strong position, and as markets mature, we expect to achieve profitability.”Breeze Airways, known for its focus on underserved routes and connecting secondary markets in the United States, operates a fleet that includes Embraer E-Jets and Airbus A220 aircraft. The airline’s strategy centers on providing an enhanced travel experience at competitive fares—a model Neeleman has successfully implemented in his previous airline ventures. The industry is closely watching how Breeze navigates current sector challenges and executes its expansion plans.

Breeze CEO sees concrete growth opportunities in Brazil

GOL Linhas Aéreas announced on Thursday, May 8, that it has reached an understanding with Whitebox Advisors LLC, the asset manager representing holders of the 3.75% Senior Convertible Notes due 2024, issued by Gol Equity Finance. The agreement resolves an outstanding dispute over compensation under the airline’s Judicial Reorganization Plan in the United States, which is proceeding under Chapter 11 of the U.S. Bankruptcy Code.Whitebox Advisors LLC was the last major creditor with whom GOL needed to reach terms following its Chapter 11 filing in late January 2024. The filing aimed to restructure the airline’s short-term financial debt and strengthen its capital structure for long-term sustainability.According to reports from our partner outlet <a href="https://aeroin.net/gol-acerta-com-o-ultimo-credor-e-mira-saida-da-rj-ja-no-mes-que-vem/">Aeroin</a>, the agreement ensures a favorable vote from Class 10(e)—a group that includes general unsecured claimholders against Gol Equity Finance. This step is critical in advancing toward judicial confirmation of the reorganization plan on a consensual basis.As part of the deal, the reorganization plan will be revised to include changes in distributions to different creditors, depending on each debtor’s specific situation. The updated terms will be submitted in the revised plan filed with the U.S. Bankruptcy Court overseeing the case.The Brazilian airline reiterated its expectation to complete the Chapter 11 reorganization process by June 2025. GOL’s financial restructuring plan includes the conversion or cancellation of up to $1.7 billion in pre-petition financial debt, along with around $850 million in additional obligations. This restructuring is expected to result in significant dilution of the airline’s existing shareholder base, while respecting shareholder preemptive rights under Brazilian law.The Chapter 11 process allows companies to reorganize their finances and operations while protected from creditor actions. During this period, GOL continues to operate its passenger and cargo flights normally.

GOL Reaches Agreement with Whitebox Advisors, Paving the Way for Chapter 11 Reorganization

LATAM Airlines begins a strong expansion in Argentina, launching new international routes to Brazil, Chile, Peru, and the United States. According to the company, these additions represent a 27% increase in its operations compared to the previous year.Among the highlights is the resumption of the direct connection between Córdoba and São Paulo, starting October 26 with daily service. This route will allow passengers to access over 60 destinations within Brazil and about 20 international cities, thanks to connections through the Guarulhos hub. Córdoba will thus be linked to LATAM’s three regional hubs in Chile, Peru, and Brazil.Rosario will also regain its connection to São Paulo as of December 30, with four weekly flights, while Buenos Aires (Ezeiza) will once again offer daily flights to Florianópolis between January and February 2026, as part of the summer seasonal schedule.Additionally, the route between Rio de Janeiro and Ezeiza, initially scheduled to run until August 2025, will be extended through March 2026. It will operate five weekly flights between September and October, increasing to 12 weekly flights during the peak season.LATAM Airlines Peru will also resume operations in Tucumán in December, with three weekly flights to Lima. The company notes that this route will give passengers in Tucumán access to over 32 international destinations and 17 domestic ones in Peru.Also returning is the seasonal route between Bariloche and Santiago de Chile, starting December 4, with three weekly flights, enhancing tourism flow between Argentine Patagonia and Chile.<figure class="image"><img src="https://aviacionlinecdn.eleco.com.ar/media/2025/05/asi_quedaran_las_rutas_de_latam_airlines_en_argentina_en_verde_las_anunciadas_hoy.gif" alt="Así quedarán las rutas de LATAM Airlines en Argentina (en verde, las anunciadas hoy)"><figcaption>LATAM Airlines routes in Argentina (in green, new routes announced today)</figcaption></figure><h2>The cherry on top: Miami</h2>While all routes are significant, the most anticipated by the market is LATAM Airlines’ return to the Buenos Aires – Miami route, made possible under the fifth freedom of air traffic, as the flight originates in Santiago, Chile.The inaugural flight is scheduled for December 1 and will operate daily with Boeing 787 aircraft, with an expected potential of 170,000 passengers per year.“We are very happy to launch this important route for our customers,” said Florencia Scardaccione, LATAM’s Commercial Manager in Argentina. “We know Miami is one of the favorite destinations for Argentinians, and this new direct flight will allow them to reach it faster and more efficiently, without having to connect through other countries,” she added.Flight LA542 will depart daily from Santiago at 7:15 AM and arrive in Ezeiza at 9:15 AM, continuing to Miami at 10:55 AM to land at 5:50 PM.In the reverse direction, flight LA543 will depart from Miami at 10:15 PM and arrive in Ezeiza at 8:55 AM the next day, departing again at 10:55 AM to arrive in Santiago at 1:10 PM.The Santiago – Buenos Aires – Miami route will be operated with Boeing 787-8 and 787-9 aircraft, with capacities of 271 seats (20 in Business, 251 in Economy) and 300 seats (30 in Business, 270 in Economy), respectively.LATAM noted that some flights will be operated with 787 aircraft featuring modernized cabins, including Recaro R7 Suites in Premium Business, the first of their kind in South America, as well as Economy Plus, offering more space and greater seat recline.With LATAM entering the Buenos Aires – Miami route, there will be up to eight daily flights between the two cities during the summer, split between American Airlines (four), Aerolíneas Argentinas (three), and LATAM (one)—resulting in nearly 15,000 seats offered daily in each direction.

LATAM Airlines Kicks Off Major Argentina Expansion with Miami Flight and Six New Routes

Azul Linhas Aéreas received a new Embraer 195-E2 aircraft this Tuesday (7), named “Cuanto Más Azul, Mejor”The jet, registered under the prefix PS-ADG, landed at Confins International Airport (MG) from Uruguay, where it will undergo registration and certification procedures before entering service on the airline’s routes.Embraer delivers the aircraft to the leasing company, which has a legal representative in Uruguay. The plane is then exported to Azul, a process that offers tax benefits that can reach millions of reais per aircraft.With this latest addition, Azul—currently the world’s largest operator of the E195-E2—now has 36 of these jets in its fleet. This is the fourth E195-E2 added in 2025, part of the airline’s investment plan exceeding R$ 3 billion, announced last year to support Brazil’s aerospace industry.Built by Embraer, the E195-E2 is the largest and most advanced commercial aircraft developed in Brazil. With seating for up to 136 passengers, the model is known for its fuel efficiency, reducing CO₂ emissions by up to 25%. It also features onboard Wi-Fi, individual screens at each seat, and a quieter cabin.“These deliveries strengthen Azul’s air network and reaffirm our commitment to providing customers with a more comfortable travel experience,” said Abhi Shah, President of Azul. “Our partnership with Embraer is essential to the company’s growth and the development of Brazil’s aviation sector,” he added, according to our partner outlet in Brazil, <a href="https://aeroin.net/azul-recebe-nova-aeronave-embraer-e195-e2-vinda-do-uruguai/">AEROIN</a>.Azul operates over 900 daily flights to more than 150 domestic and international destinations. The new jet will be incorporated into the airline’s route network once regulatory procedures are completed.

Via Uruguay, Azul receives another Embraer E195-E2

LATAM Brasil will resume passenger flights at Viracopos International Airport in Campinas (São Paulo), years after suspending this service and maintaining only cargo operations at the terminal. The airport, located in the interior of São Paulo state, serves as the third commercial hub for the São Paulo metropolitan area.The airline’s last commercial flights in Campinas took place in March 2020, just before the COVID-19 pandemic brought Brazilian aviation to a near standstill.Since then, only Azul Linhas Aéreas—which is based at Viracopos and connects to dozens of destinations—and GOL Linhas Aéreas, with flights to Brasília, Rio de Janeiro, and Salvador, have continued passenger operations at the airport.LATAM has now announced its return, with new flights to and from Juscelino Kubitschek International Airport in Brasília (DF), offering three daily departures. The service is set to begin in August this year, with ticket sales scheduled to open in May. Flights will be operated using aircraft from the Airbus A320 family, including the A321, the largest model in the lineup, capable of seating up to 214 passengers.Prior to the pandemic, the airline had already operated flights between Viracopos and Brasília, with one to two daily departures, according to LATAM’s partner media outlet in Brazil, <a href="https://aeroin.net/latam-voltara-a-ter-voos-de-passageiros-no-aeroporto-internacional-de-viracopos-em-campinas-sp/">AEROIN</a>.

LATAM resumes passenger flights at Greater São Paulo's third airport

Gol Linhas Aéreas continues to move forward with its Chapter 11 restructuring process in the United States, aiming to conclude proceedings by the end of June. In its latest development, the airline reached an agreement with a group of senior secured bondholders maturing in 2026, unlocking an additional US$ 125 million in new funding, which complements the US$ 1.25 billion previously committed by Castlelake and Elliott Management.The agreement marks a significant milestone in the company’s financial restructuring, which began in early 2024, providing the liquidity needed to sustain operations and reshape its capital structure.Gol will now update its reorganization plan to incorporate the new terms, including a provision to offer up to US$ 100 million in new non-convertible debt to creditors outside the main investor group. In addition, remaining bondholders will have the opportunity to subscribe to an additional US$ 50 million of financing under the same conditions.As part of its broader recovery strategy, Gol intends to convert up to US$ 1.7 billion of debt into equity and settle approximately US$ 850 million in liabilities, a move that will result in significant dilution of its current shareholder base, though existing investors will retain their preemptive rights.This development takes place alongside the consolidation of Abra Group Limited, a UK-based private holding company that controls both Gol and Colombia’s Avianca. While both airlines will continue to operate independently, the shared corporate structure allows for strategic coordination and restructuring efficiencies, without altering their respective brand identities.<section class="noteSuggested" data-id="37858" data-title="You might be interested"></section>Gol filed for Chapter 11 protection in early 2024 to reorganize its debt with international creditors, maintain operational continuity, and execute its transformation plan amid ongoing challenges in the Latin American airline sector.With this additional funding secured, the airline expects to emerge from Chapter 11 by the end of the second quarter of the year, laying the groundwork for a new phase in its business strategy.

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