Azul S.A. (OTC: AZULQ) outlines key motions in ongoing Chapter 11
Rhea-AI Filing Summary
Azul S.A. reports on the progress of its ongoing Chapter 11 proceedings in the United States. A hearing was held before the U.S. Bankruptcy Court for the Southern District of New York to evaluate several motions filed by the company. These motions request extensions of exclusivity periods for filing and voting on the reorganization plan, more time to assume or reject non-residential real estate leases, and approval of procedures to streamline the review and reconciliation of claims. Azul is also asking the court to approve confidentiality protections, changes to certain aircraft and engine lease agreements, new or amended financing agreements with strategic counterparties, and an expanded scope of services from its independent auditors to support the restructuring. All motions remain subject to court approval and are intended to give the company additional time and flexibility to align its fleet, obligations, and claims management with its business plan during the reorganization.
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Insights
Azul seeks more time and tools to manage its Chapter 11 restructuring.
Azul S.A. outlines a set of procedural steps in its Chapter 11 case, including requests to extend exclusivity for filing and soliciting votes on a reorganization plan. Extending exclusivity can preserve the company’s ability to propose its own plan without competing alternatives, which often shapes negotiations with creditors and lessors.
The company is also asking to extend deadlines for decisions on non-residential real estate leases and to approve processes for reviewing and reconciling claims. In parallel, it seeks authority to amend, assume, or reject certain aircraft and engine leases and to enter into or amend financing agreements with strategic counterparties, as well as expand the work of its independent auditors to support the process. These steps, if approved, would frame how Azul matches its fleet and financial obligations to its business plan while its Chapter 11 case proceeds.
The motions are still subject to court approval, so their practical impact will depend on the court’s rulings and subsequent negotiations. Stakeholders can follow developments through the dedicated restructuring websites referenced by the company, where case documents and claims information are made available.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September, 2025
Commission File Number: 001-38049
Azul S.A.
(Name of Registrant)
Edifício Jatobá, 8th floor, Castelo Branco Office Park
Avenida Marcos Penteado de Ulhôa Rodrigues, 939
Tamboré, Barueri, São Paulo, SP 06460-040, Brazil.
+55 (11) 4831 2880
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ¨ No x
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ¨ No x
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Azul Updates the Market on the Progress of its Chapter 11 Proceedings
São Paulo, September 19th, 2025 – Azul S.A. ("Azul” or “Company”) (B3: AZUL4; OTC: AZULQ), in the context of its Chapter 11 proceedings, a hearing was held today before the United States Bankruptcy Court for the Southern District of New York to evaluate several motions filed by the Company. These motions seek, among other matters, to extend the exclusivity periods for filing and voting on the reorganization plan, extend the deadline to assume or reject non-residential real estate leases, and approve procedures to optimize the review and reconciliation of claims. The Company is also seeking approval for measures to maintain confidentiality and redact sensitive information, authorization to amend, assume, or reject certain aircraft and engine lease agreements, as well as to enter into or amend financing agreements with strategic counterparties. Additionally, the Company requested an expansion of the scope of services provided by its independent auditors to support the reorganization process.
These motions, still subject to court approval, aim to provide Azul with more time and flexibility to negotiate with stakeholders, align its fleet and financial obligations with its business plan, optimize claims management, and protect sensitive information, thus supporting the ongoing reorganization process.
All documents related to the Chapter 11 proceedings are available on the website managed by the Company’s claims administration agent, Stretto, Inc., at https://cases.stretto.com/Azul.
Communication and Transparency with the Market
Azul will keep its shareholders, customers, crew members, and the market informed of all material developments in the restructuring process, at the times and to the extent it deems necessary, in full compliance with applicable laws and regulations. Stakeholders seeking specific information regarding the Company’s Chapter 11 proceedings may access the dedicated website www.azulmaisforte.com.br. For information about the case and for the submission of claims, please visit https://cases.stretto.com/Azul or call (833) 888-8055 (toll-free in the U.S.) or +1 (949) 556-3896 (international).
About Azul
Azul S.A. (B3: AZUL4, OTC: AZULQ) is the largest airline in Brazil in terms of number of flights and cities served, operating approximately 1,000 daily flights to more than 150 destinations. With an operating passenger fleet of over 180 aircrafts and more than 15,000 crew members, the Company operates more than 400 nonstop routes. Azul was named by Cirium (a leading aviation analytics company) as one of the two most punctual airlines in the world in 2023. In 2020, the Company was awarded the world’s best airline by the TripAdvisor Travelers’ Choice Awards, being the only Brazilian airline to receive this recognition. For more information, visit ri.voeazul.com.br.
Contact
Investor Relations
Tel: +55 11 4831 2880
invest@voeazul.com.br
Press Relations
Tel: +55 11 4831 1245
imprensa@voeazul.com.br
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: September 19, 2025
Azul S.A.
By: /s/ Alexandre Wagner Malfitani
Name: Alexandre Wagner Malfitani
Title: Chief Financial Officer
FAQ
What did Azul S.A. (AZULQ) announce in this update on its Chapter 11 process?
Azul S.A. reported that a hearing was held before the U.S. Bankruptcy Court for the Southern District of New York to consider several motions it filed in connection with its Chapter 11 proceedings. These motions relate to exclusivity for its reorganization plan, treatment of leases, claims procedures, confidentiality, aircraft and engine lease agreements, financing arrangements with strategic counterparties, and the scope of services provided by its independent auditors.
What court actions is Azul S.A. (AZULQ) seeking in its Chapter 11 case?
The company is seeking court approval to extend exclusivity periods for filing and voting on its reorganization plan, extend the deadline to assume or reject non-residential real estate leases, and approve procedures to optimize review and reconciliation of claims. It also requests approval for confidentiality measures, authority to amend, assume, or reject certain aircraft and engine lease agreements, permission to enter into or amend financing agreements with strategic counterparties, and expansion of its independent auditors’ services.
Why does Azul say these Chapter 11 motions are important for its restructuring?
Azul states that the motions are intended to provide more time and flexibility to negotiate with stakeholders, align its fleet and financial obligations with its business plan, optimize claims management, and protect sensitive information. According to the company, these measures are designed to support the ongoing reorganization process under Chapter 11.
Are Azul S.A.’s Chapter 11 motions already approved by the court?
No. The company explains that the motions discussed are still subject to court approval. A hearing has been held to evaluate them, but the text describes them as requests that must still be authorized by the United States Bankruptcy Court for the Southern District of New York.
Where can stakeholders find more information about Azul S.A.’s Chapter 11 proceedings?
Stakeholders can access case documents and submit claims through the dedicated website managed by Stretto, Inc. at https://cases.stretto.com/Azul. Azul also directs those seeking information about the restructuring to the dedicated site www.azulmaisforte.com.br. The company indicates it will keep shareholders, customers, crew members, and the market informed of material developments in accordance with applicable laws and regulations.
What business profile does Azul S.A. (AZULQ) highlight in this report?
Azul describes itself as the largest airline in Brazil by number of flights and cities served, operating approximately 1,000 daily flights to more than 150 destinations. It reports an operating passenger fleet of over 180 aircraft and more than 15,000 crew members, serving more than 400 nonstop routes. The company notes recognitions for punctuality in 2023 and a 2020 award as the world’s best airline by the TripAdvisor Travelers’ Choice Awards.