Azul receives Court approvals to move forward with accelerated transformation process for the future, together with its strategic partners

Core Points - Azul S.A. has filed for voluntary Chapter 11 petitions in the United States to restructure its financial situation [1][2] - The company has received interim court approvals for its "First Day" motions, allowing it to access US$250 million of its US$1.6 billion debtor-in-possession financing [2][3] - The CEO of Azul stated that these approvals are crucial for the company's long-term success and will help reduce leverage while generating cash [3] Company Operations - Azul continues to operate normally, honoring all tickets, loyalty points, travel packages, and customer benefits during the restructuring process [1] - The company operates over 900 daily flights to more than 150 destinations with a fleet of over 200 aircraft [6] Financial Support - The company is supported by various legal and financial advisors, including Davis Polk & Wardwell LLP and Guggenheim Securities, LLC [5] - Key financial stakeholders such as United Airlines, American Airlines, and AerCap are backing Azul during this restructuring [3] Future Plans - A "Second Day" hearing is scheduled for July 9, 2025, to consider the company's requested relief on a final basis [3] - The restructuring process aims to position Azul for an accelerated transformation and improved financial health [3]