On Tuesday (June 24), Brazil’s National Civil Aviation Agency (ANAC) permanently revoked the Air Operator Certificate (COA) of Passaredo Transportes Aéreos, the main airline under the Voepass group. The decision follows findings of serious and recurring failures in the company’s Continuous Analysis and Surveillance System (SASC). The ruling also includes fines totaling R$570,400 and is not subject to appeal.The COA cancellation comes after Voepass operations were temporarily suspended on March 11, 2025, due to irregularities uncovered during a supervised audit by ANAC. The investigation was initiated following an August 9, 2024, accident in Vinhedo (São Paulo), as reported by <a href="https://aeroin.net/anac-cassa-certificado-da-voepass-apos-falhas-graves-em-manutencao-de-aeronaves/">AEROIN</a>, a partner outlet in Brazil.ANAC inspectors found that the airline had failed to conduct mandatory maintenance inspections on its aircraft. These checks are critical for flight safety and, under civil aviation regulations, must be verified by a second qualified professional who did not perform the initial service.This dual-check process is a key safety barrier to detect undetected maintenance failures. However, ANAC reported that Voepass repeatedly skipped these inspections—even after being warned and pledging to fix the issue. Multiple violations were found across various aircraft and maintenance procedures.The agency concluded that Voepass's internal oversight system had lost its ability to detect and correct errors, undermining the reliability of its safety controls. “This is not just about isolated issues, but rather a degradation of the airline’s entire oversight system,” ANAC stated.The COA revocation marks the conclusion of a sanction process in which the airline was granted the right to a defense.With this decision, Voepass is now officially barred from operating commercial flights in Brazil. ANAC emphasized that swift and strict enforcement is essential to maintain public confidence in the country's aviation system.It’s worth noting that the Voepass Group still holds two other Air Operator Certificates, for MAP Linhas Aéreas and Regional Linhas Aéreas.

Brazil's ANAC permanently revokes Voepass airline’s operating certificate

Brazilian airline Azul has begun returning part of its fleet as part of its judicial restructuring under Chapter 11 of the U.S. Bankruptcy Code, currently underway in the Southern District of New York.In a court filing dated June 13, the company detailed the termination of several aircraft and engine leasing contracts, with returns scheduled between May 28 and June 17.In total, Azul will return at least 17 aircraft, including Embraer E195s, ATR 72-600 turboprops, and Boeing 737-400SF freighters, along with eight engines under separate contracts. Leasing companies involved include Azorra, Falko, Bank of America, ICBC, and Citibank, with assets located at maintenance facilities in both Brazil and abroad.Among the aircraft to be returned are Embraer E195s with registrations PR-AXK, PR-AUJ, PR-AUP, PR-AYY, PR-AUB, PR-AUC, PR-AYV, PR-AXD, PR-AXJ, PR-AUA, PR-AUO, and PR-AUQ, leased through firms such as Azorra, Falko, ICBC, UTF, Avolon, Bank of America, and Avenue Capital, according to Brazilian aviation outlet AEROIN.Azul will also return three ATR 72-600s (PR-AKO, PR-AKM, PR-AKN) that primarily operated regional routes, along with two Boeing 737-400SFs (PR-AJY and PR-AJZ).This move is part of a broader strategy to reduce costs and simplify the fleet as the airline works to renegotiate its debt and strengthen its financial foundation.Since entering Chapter 11 proceedings on May 28, Azul has assured that it will continue operations as normal, including flight schedules, its frequent flyer program, and customer service, with support from lenders and suppliers.The returned engines include CF34-10E units (General Electric) and CFM56-3C1 models (CFM International). Some equipment is already undergoing the return process at Azul’s own hangars or at maintenance centers such as Coopesa, GE-Celma, and Lufthansa MRO.The court formally authorized these returns as part of the initial phase of the reorganization process. Azul is expected to submit new filings in the coming weeks with details on the next stages of its restructuring and the possibility of further asset returns.This legal mechanism has been used by other international airlines in crisis, offering Azul greater legal clarity in negotiations with foreign lessors and investors.How is Azul’s fleet currently composed? According to data compiled by Aviacionline via Cirium Fleet Analyzer, Azul’s fleet at the time of publication includes:<ul><li>49 Airbus A320neo in service and 2 stored</li><li>31 ATR 72-600 in service and 11 stored</li><li>31 Embraer E195-E2 in service and 4 stored</li><li>27 Embraer E195 in service and 18 stored</li><li>6 Airbus A321neo in service</li><li>6 A330-900neo in service and 1 stored</li><li>6 A330-200 in service</li><li>2 Airbus A321F in service</li></ul>The fleet is supplemented by a Boeing 767-300 and a Boeing 777-200ER leased from EuroAtlantic Airways, as well as 26 Cessna 208 Caravan aircraft operated by its regional subsidiary, Azul Conecta.

Azul Returns 17 Aircraft Amid Chapter 11 Restructuring in U.S. Court

The night of Wednesday, June 11, 2025, was chaotic at São Paulo’s Guarulhos International Airport, Brazil’s largest and South America's second-busiest, after it was shut down for takeoffs and landings due to drones flying in the area.Operations were disrupted starting at 9:27 p.m. (local time), when GOL flight 2127 reported the presence of at least one drone near the approach ramp to runway 10R, close to the Ayrton Senna Highway. The drone reportedly passed to the right of the Boeing 737, seemingly attempting to film landing aircraft.Following the incident, airport operator GRU Airport suspended all landings. No other aircraft was able to land, as confirmed by audio recordings of communications between air traffic controllers and pilots.Flight tracking platforms, including AirNav Radar and FlightRadar24, indicated that at least 28 flights were diverted until 10:40 p.m., mostly from LATAM and GOL, rerouted to alternate airports in Campinas, Curitiba, Confins, Galeão, and Ribeirão Preto, according to reporting by partner outlet <a href="https://aeroin.net/devido-a-drone-aeroporto-de-guarulhos-segue-ha-1-hora-e-meia-sem-receber-pousos/">AEROIN</a> in Brazil.At 10:45 p.m., takeoffs were also suspended after another drone was spotted near runways 28L and 28R, on the opposite side of the initial approach. LATAM flight 3690, aligned on runway 10L for departure to Londrina, was denied clearance for takeoff.At 10:59 p.m., the Águia 12 helicopter (Airbus H125 Esquilo, registration PS-GER) from the São Paulo Military Police arrived to patrol the area, search for drones, and locate the responsible parties.The airport finally reopened at 11:18 p.m., nearly two hours after the initial disruption. LATAM flight 8037 from Santiago, Chile, was the first to land, followed by the takeoff of LATAM 3690 to Londrina.However, at 11:30 p.m., departures were once again suspended due to another drone sighting near the American Airlines hangars, though operations resumed ten minutes later.In a statement, LATAM Airlines confirmed that over 20 flights were affected by the temporary suspension due to drone activity. “The company strongly condemns and regrets the situation, which was entirely beyond its control, and reiterates that the safety of passengers and employees is its top priority,” the airline said. “LATAM is providing all necessary assistance to affected passengers, in accordance with ANAC Resolution 400.”

Drone sightings cause chaos at São Paulo’s Guarulhos Airport

Jerome Cadier, CEO of LATAM Airlines Brazil, has issued a serious warning about the consequences of Brazil’s recently approved tax reform. According to the executive, the implementation of the new tax structure could lead to an approximate 25% increase in airfare prices across the country.Cadier acknowledged that the reform represents a necessary step forward for the broader Brazilian economy, but he warned it introduces "massive sectoral distortions" that directly impact the aviation industry. Despite assurances given during legislative discussions, Cadier claims the reform will result in a "brutal tax increase" for the airline sector. He stressed that airlines will not absorb this cost: "They simply pass on the tax paid by passengers," he said, underlining that the financial burden will fall on consumers.This viewpoint is echoed by the International Air Transport Association (IATA), which, according to Valor Econômico, perceives an increasingly "hostile environment" for aviation development in Brazil. The industry’s main concern lies in the newly introduced dual Value-Added Tax (VAT)—comprising the Contribution on Goods and Services (CBS) at the federal level and the Goods and Services Tax (IBS) for states and municipalities—which, unlike in many global markets, does not provide preferential treatment for air transport.<blockquote>Why will flight prices rise in Brazil? Brazil’s tax reform merges existing taxes into a dual VAT system (CBS and IBS). Airlines argue that the proposed standard rate of around 26.5% is significantly higher than the current tax burden and restricts crediting of many operational inputs. This cost increase will be passed on to consumers in the form of higher ticket prices.Is LATAM the only airline concerned? No. Both IATA and the Brazilian Airlines Association (ABEAR) have issued similar warnings, predicting a drop in demand and a loss of competitiveness for the aviation sector.Has the government offered any solutions? So far, the government continues to highlight the overall benefits of simplification, but it has not addressed the sector’s request to revisit the high tax burden on air travel.</blockquote>ABEAR has echoed Cadier’s concerns, stating that the reform, in its current form, “goes against global trends,” where air transport is recognized as an essential service and receives favorable tax treatment to support economic growth and connectivity.Cadier’s remarks come amid mounting pressure from another fiscal burden: the Tax on Financial Transactions (IOF), which affects international remittances. The combination of these taxes, he warned, threatens Brazil’s aviation competitiveness and public access to air travel.<figure class="image"><img src="https://aviacionlinecdn.eleco.com.ar/media/2024/09/Jerome-Cadier-LATAM-Brasil.jpeg" alt="Jerome Cadier - CEO de LATAM Brasil (Foto: Aeroin.net)"><figcaption>Jerome Cadier – CEO LATAM Brazil (Ph: Aeroin.net)</figcaption></figure>If industry forecasts materialize and no adjustments are made to the law, the result could be a significant drop in demand, affecting not only airlines but also the entire tourism value chain that depends on air connectivity. Cadier’s message is unambiguous: without a course correction, “Brazil risks accelerating in reverse.”

LATAM CEO Warns Brazilian Tax Reform Could Push Airfares Up by 25%

he route will operate four times a week from August to December, enhancing connectivity from the Paraíba Valley to RIOgaleão.Between August 1 and December 10, 2025, GOL Linhas Aéreas will introduce an additional direct frequency between São José dos Campos (SJK) and RIOgaleão Airport (GIG) in Rio de Janeiro.With this temporary adjustment, the route will offer four round-trip flights per week, up from the current three. This expansion complements the logistics operations of GoLLOG in São José dos Campos, which were announced in February 2025.Currently, flights from São José dos Campos to Rio de Janeiro operate on Mondays, Thursdays, and Saturdays, while return flights from Rio are scheduled for Wednesdays, Fridays, and Sundays. Starting in August, a new flight will be added on Tuesdays from São José dos Campos and on Mondays from Rio, keeping the existing departure times unchanged.<figure class="image image_resized" style="width:100%;"><img src="https://aviacionlinecdn.eleco.com.ar/media/2025/06/gol.png" alt="Gol"></figure>First launched in March 2024, the route offers a 1-hour and 5-minute journey, improving access from the Paraíba Valley to Rio’s capital.In addition, the infrastructure at RIOgaleão Airport supports connections to numerous domestic and international destinations, including Salvador, Fortaleza, Recife, Porto Alegre, Curitiba, and Buenos Aires, among others.From São José dos Campos, the service also benefits neighboring cities such as Jacareí, Taubaté, Pindamonhangaba, and Guaratinguetá. The proximity to mountain, beach, and religious tourism spots enhances the appeal of the route for both leisure and business travelers.Flights will be operated with Boeing 737 aircraft, accommodating 186 passengers.

GOL Adds Extra Flight Between São José dos Campos and Rio de Janeiro for 2025

Azul Linhas Aéreas has launched regular operations between Viracopos International Airport (VCP) in Campinas and Adolfo Suárez Madrid-Barajas Airport (MAD), marking its second direct route to Europe. The inaugural ceremony in Campinas featured the traditional ribbon-cutting and speeches from executives, celebrating the new connection aimed at expanding travel options between South America and Europe.The inaugural flight, AD8760, operated by an Airbus A330-900neo, departed Brazil with a 92% load factor. The aircraft, configured with 298 seats across two classes (34 in Business and 264 in Economy), landed in the Spanish capital the following morning. Passengers on board received amenity kits and luggage tags as complimentary gifts from the airline, celebrating the launch of the new service.John Rodgerson, CEO of Azul, stated, “The launch of flights to Madrid is another significant chapter in Azul’s history. Spain’s capital joins our international destinations, which already include Fort Lauderdale, Orlando, Lisbon, Montevideo, Punta del Este, and Curaçao.” This new route not only connects two key cities but also offers travelers across Azul’s domestic network greater access to Spain.From Madrid, Azul passengers can connect to a wide range of destinations within Spain and across Europe, thanks to a codeshare agreement with Air Europa. Similarly, travelers arriving from Europe gain access to Azul’s extensive domestic network in Brazil, which covers over 160 destinations, reinforcing Viracopos Airport’s role as a major South American hub.<blockquote>What aircraft does Azul use on the Madrid route? Azul operates flights between Campinas and Madrid using the Airbus A330-900neo, configured for 298 passengers. How many weekly flights does Azul offer to Madrid? The airline operates six weekly frequencies between Viracopos and Madrid-Barajas airports. Which airline partners with Azul in Madrid? Azul has a codeshare agreement with Air Europa, allowing passengers to connect across Spain and Europe.</blockquote>According to partner outlet Aeroin, this new service adds to the existing offer of direct flights between Brazil and Spain, a market with strong demand driven by both tourism and business travel. The route is operated six times a week, with departures from Campinas at night and return flights from Madrid in the late morning.Vitor Silva, Azul’s General Manager of Planning and Strategy, commented, “This new destination is a major achievement for the company, and we’re very pleased to start this operation. Offering more options to our customers is one of our top priorities.” He also emphasized the importance of the connectivity provided by Viracopos, enabling passengers from regions such as southern Minas Gerais and the interior of São Paulo to reach Europe more efficiently.

Azul Linhas Aéreas Launches Direct Flights to Madrid

LATAM Group received two Airbus A320neo aircraft on Saturday, June 7, which will join the fleets of its subsidiaries in Chile and Brazil. The additions reflect different acquisition models—one sourced directly from Airbus and the other from the secondary market—as part of the group’s strategy to navigate delays in the global production chain.The aircraft destined for LATAM Chile, registered CC-BHJ, is a brand-new unit delivered from Airbus facilities in Toulouse, France. The aircraft made a technical stop for refueling at Fortaleza Airport (FOR) on Saturday afternoon before continuing to its final destination in Santiago de Chile (SCL), where it arrived on Sunday, June 9.Originally, this aircraft was slated to operate for the Brazilian affiliate under the registration PR-XBY, but a strategic reassignment led to it being based in Chile.Meanwhile, the Brazilian subsidiary strengthened its fleet with another A320neo, acquired through a different route. The aircraft, now registered PS-LHA, also stopped in Fortaleza, but originated from Sabiha Gökçen International Airport (SAW) in Istanbul, Turkey.This A320neo was manufactured in 2019 and previously flew for Indian carrier IndiGo under the registration VT-IZO until the end of 2024. It spent several months in Turkey undergoing a full cabin reconfiguration and repainting in LATAM livery.The acquisition of PS-LHA highlights LATAM’s tactical use of lessors to incorporate lightly used aircraft, a strategy that accelerates fleet modernization and expansion. This approach allows greater flexibility and reduces dependency on manufacturer delivery schedules, which are currently facing global delays.According to LATAM's partner outlet Aeroin, the PS-LHA’s journey included stopovers at Sal Island (SID) in Cape Verde and in Fortaleza (FOR) before arriving on Saturday afternoon at São Carlos Airport (QSC) in São Paulo state. QSC is home to LATAM’s Maintenance, Repair, and Overhaul (MRO) center, where the aircraft will undergo final preparations and receive local regulatory certifications before entering commercial service on domestic routes in Brazil.

LATAM Airlines adds two Airbus A320neo aircraft to Chile and Brazil subsidiaries

GOL Linhas Aéreas announced on Friday, June 6, the completion of its financial restructuring under Chapter 11 in the United States. The airline exits the process with approximately $900 million in liquidity and a revamped capital structure that positions Abra Group as its controlling shareholder, now holding about 80% of the company.The restructuring, overseen by the U.S. Bankruptcy Court for the Southern District of New York, leaves GOL financially stronger. The airline secured $1.9 billion in exit financing, fully repaid its DIP financing, and approved a capital increase of more than R$12 billion (around $2.15 billion USD). As a result, GOL reduced its leverage to 5.4x, with projections to lower it below 3x by the end of 2027.“With the conclusion of this process, we are ready to move forward with our mission of being ‘First for Everyone,’” said Celso Ferrer, CEO of GOL. He highlighted that the company is now stronger after streamlining its fleet, optimizing costs, and redesigning its route network. These efforts are reflected in its 2024 performance, during which GOL was Brazil’s most punctual airline and transported 30 million passengers.<blockquote>Key takeaways from the new GOL• What does exiting Chapter 11 mean? GOL has completed its financial reorganization, significantly reduced its debt, and now operates with a robust liquidity position of $900 million. • Who controls GOL now? Abra Group, which also holds strategic stakes in Avianca and Wamos Air, now controls about 80% of GOL’s shares. • Will GOL’s shares change? Yes. Starting June 12, 2025, GOL’s shares (e.g., GOLL4) will trade on Brazil’s B3 stock exchange under the new code GOLL54, with a new lot size and pricing format.</blockquote>Abra Group’s backing is a key element of this new chapter. The holding company, which also invests in Avianca and Wamos Air, provides GOL with financial support and operational synergies. GOL’s business units are also driving its future growth: the Smiles loyalty program reported R$5.3 billion in revenue in 2024, and the GOLLOG cargo division surpassed R$1 billion in revenue for the first time.The restructuring also brings changes for investors. From June 12, 2025, GOL shares will be traded on the B3 stock exchange under new tickers: GOLL53 for common shares and GOLL54 for preferred shares, with a new trading lot of 1,000 shares. Existing shareholders will have preemptive rights to subscribe to newly issued shares.In addition, there are changes in the Board of Directors: Ricardo Constantino and Paul Stewart Aronzon have stepped down, while Manuel José Irarrázaval Aldunate and Antonio Kandir have been appointed, with Kandir named the new Vice Chairman of the Board.

GOL emerges from Chapter 11 with $900 million in liquidity and new ownership structure

Azul Linhas Aéreas announced on Friday, June 6, a restructuring of its flight offerings to Europe. The airline stated that its route between Viracopos International Airport (VCP) in Campinas and Paris-Orly Airport (ORY) will become a seasonal service.Direct flights to the French capital will be suspended starting in October 2025 and will resume in April 2026, aligning with the start of the high-demand travel season in the Northern Hemisphere.The carrier explained that the decision is due to the traditionally lower travel demand during the European winter, combined with the higher operational costs that characterize that period. With this move, Azul aims to align its offerings with market cycles and ensure the sustainability of its international network.Such adjustments are common practice in the airline industry, where carriers optimize their long-haul fleets—like the Airbus A330-900neo aircraft Azul uses on this route—to maximize profitability.In summary • Why is the flight being suspended? Due to a combination of lower passenger demand during the European winter and high operating costs during that season. • When will the operation be halted? Flights will be suspended starting in October 2025. • When will flights resume? The route will resume in April 2026, at the beginning of the European summer travel season. • What if I already have a ticket? The airline will rebook passengers on other flights or issue a refund in accordance with ANAC Brazil Resolution 400.Far from being a contraction, Azul frames this move as part of a strategic reorganization of its European presence. In fact, the airline is preparing to launch two new routes next week, both to Madrid (MAD)—a first in its history. The new services will connect the Spanish capital with Campinas (VCP) and Recife (REC), expanding Azul’s entry points into Europe.Azul was the only airline offering a direct connection between the São Paulo metropolitan area and Orly, an alternative to the busier Charles de Gaulle Airport (CDG), which is served by Air France and LATAM from Guarulhos (GRU).In parallel with this adjustment, the airline is planning significant international growth for the peak July travel season. Azul anticipates 454 international departures, offering around 101,000 seats—a 70% increase compared to July 2024, highlighting the company’s strong expansion momentum.For customers with tickets already issued for the Campinas–Paris route during the suspension period, Azul confirmed it will comply with the terms of ANAC Brazil Resolution 400. This ensures passengers will receive assistance and options for rebooking or refunds, in line with the company’s customer service standards.

Azul restructures Europe flight schedule: Paris route becomes seasonal

The Brazilian national football team took off this Tuesday afternoon, June 3, en route to Ecuador, where they will play their first match under the guidance of new head coach Carlo Ancelotti. The charter operation was handled by Brazilian airline Sideral Linhas Aéreas, using one of its Boeing 737 aircraft to transport the squad.According to reports from our partner outlet Aeroin, the Boeing 737-700, registration PR-SJA, is operating flight SID-9600, which departed São Paulo-Guarulhos International Airport (GRU) at 4:31 p.m. local time.At the time of writing, the aircraft was en route to Guayaquil. The team’s departure was captured by the live camera of the “Golf Oscar Romeo” YouTube channel, which broadcast the footage to its audience.<figure class="media"><div data-oembed-url="https://youtu.be/F9uQjQWQnqw"><div style="position: relative; padding-bottom: 100%; height: 0; padding-bottom: 56.2493%;"><iframe src="https://www.youtube.com/embed/F9uQjQWQnqw" style="position: absolute; width: 100%; height: 100%; top: 0; left: 0;" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen=""></iframe></div></div></figure>This trip marks a new era for the "Canarinha", who will face Ecuador’s national team on Thursday, June 5. The match, part of the South American qualifiers for the FIFA World Cup, will be held in Guayaquil at 8:00 p.m. Brasília time (11:00 p.m. UTC). Sideral Linhas Aéreas, with experience in transporting sports teams, designated the Boeing 737-700 to ensure the safe travel of the squad and coaching staff.Live tracking of flight PR-SJA is available via platforms like AirNav Radar, allowing fans and media to follow the team's journey in real time.For the return trip, the same Boeing 737-700 is scheduled to operate flight SID-9601. Departure from Guayaquil is planned for the early hours of Friday, June 6, at 2:05 a.m. local time in Ecuador, bringing the Brazilian delegation back home after their international fixture.

Brazilian national football team departs for Ecuador aboard Sideral charter for Ancelotti's debut

GOL Linhas Aéreas Inteligentes, part of the Abra Group, released its financial and operational results for April 2025 on May 30. The report was filed with the U.S. Bankruptcy Court for the Southern District of New York, as part of the airline’s voluntary Chapter 11 reorganization process, which began in January 2024.In April 2025, GOL reported Net Revenue of R$ 1.696 billion (approximately USD 323 million at current exchange rates). During the same period, the airline posted a Net Loss of R$ 440 million (roughly USD 83.8 million).At the end of April, GOL's Total Cash stood at R$ 2.034 billion (USD 387.4 million). Accounts Receivable totaled R$ 2.585 billion (USD 492.4 million), and Net Debt was R$ 30.945 billion (USD 5.89 billion).These preliminary, unaudited figures provide insight into the company’s financial health as it navigates its restructuring. Compared to the February 2025 report, GOL showed a slight improvement in cash position (from R$ 1.931 billion) and a modest reduction in net debt (down from R$ 31.438 billion). Accounts Receivable declined from R$ 3.041 billion to R$ 2.585 billion over the same period.As reported by partner outlet Aeroin, GOL emphasized that the financial data disclosed in these monthly operational reports are prepared in accordance with the U.S. Bankruptcy Code and other applicable regulations. Therefore, the airline cautioned that these figures "should not be compared with previously disclosed public financial statements, which were prepared using different methodologies."<h3>In Summary</h3>What is Chapter 11? A legal mechanism in the U.S. allowing financially distressed companies to reorganize under court protection, with the aim of repaying debts and continuing operations.Why is GOL filing these reports? They are a court requirement during Chapter 11 to monitor the company’s financial and operational status.What do the April 2025 figures indicate? They detail GOL's revenues, losses, liquidity, and debt levels for the month, illustrating the challenges and adjustments involved in its restructuring.Are these figures comparable to pre-Chapter 11 reports? No. GOL warns that the accounting and presentation methods differ, making direct comparisons invalid.

GOL Reports April 2025 Financial Results Amid Chapter 11 Restructuring

From June 6 to 8, 2026, the global leaders of the airline industry will gather once again in a South American city, as the 82nd Annual General Meeting (AGM) of the International Air Transport Association (IATA) is set to take place in Rio de Janeiro.The decision was announced yestarday during the 81st AGM currently underway in New Delhi, India.LATAM Airlines will host the 2026 edition, marking a milestone in its recovery and resurgence following the pandemic-induced crisis.Willie Walsh, IATA’s Director General, emphasized that the event will serve as a moment to "reflect on the changes over more than two decades of development," a period during which air connectivity has supported major global events such as the FIFA World Cup and the Olympic Games.Walsh noted that holding the AGM in South America’s largest air travel market underscores the sector’s potential to drive social and economic prosperity in the region.LATAM Airlines CEO Roberto Alvo stated, “LATAM is proud to host the IATA AGM in Brazil in 2026,” highlighting the importance of the country as the group’s "main market." He added, “We are confident that Rio de Janeiro—one of the world’s most spectacular cities, with its unmatched hospitality and beauty—will offer a warm welcome and a memorable experience for all attendees.”LATAM currently connects 153 destinations across 27 countries and transported 82 million passengers in 2024. The airline also achieved significant milestones in fleet modernization and environmental sustainability.Hosting the AGM in Brazil also honors the nation’s rich aviation history, linked to figures like Alberto Santos-Dumont, recognized as a pioneer of powered flight. His 1906 flight is celebrated as a landmark moment in the development of aviation.

Samba do Janeiro!: IATA’s 82nd Annual General Meeting to Be Held in Rio de Janeiro in 2026

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.

Brazil