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Brazil's Azul aims to exit Chapter 11 early 2026, says exec

Brazil's Azul aims to exit Chapter 11 early 2026, says exec

Reuters3 days ago

SAO PAULO, May 30 (Reuters) - Brazilian airline Azul (AZUL.N), opens new tab aims to exit Chapter 11 proceedings early next year, Fabio Campos, institutional and corporate vice-president, told reporters in a press conference on Friday.
Asked about plans to combine operations with local airline Gol (GOLL4.SA), opens new tab, Campos said Azul will now focus primarily on its financial restructuring process. Azul filed for Chapter 11 in the United States earlier this week.

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Arsenal target Rodrygo handed deadline to 'convince everyone' at Real Madrid he deserves his place
Arsenal target Rodrygo handed deadline to 'convince everyone' at Real Madrid he deserves his place

Daily Mail​

time36 minutes ago

  • Daily Mail​

Arsenal target Rodrygo handed deadline to 'convince everyone' at Real Madrid he deserves his place

Arsenal target Rodrygo has been handed a deadline to convince everyone he belongs at Real Madrid, as per a report. The 24-year-old developed into an integral player for Madrid since joining from Brazilian side Santos for €45million (£37.9m) in 2019. The forward, who has also won 33 caps for Brazil, may have a lower profile than fellow attackers Kylian Mbappe and Vinicius Jnr, yet he still has a hugely impressive record at the Bernabeu. Rodrygo has 68 goals and 50 assists in 267 appearances for Los Blancos but after a difficult campaign, reports have linked him with a move away this summer, with Arsenal believed to be one of many Premier League clubs interested. And with speculation rampant, Madrid have told Rodrygo he must prove he can fit into Xabi Alonso 's system at the upcoming Club World Cup, according to Spanish outlet Marca. The revamped 32-team tournament runs through mid-June to mid-July, meaning the Brazilian forward has around seven weeks to get back to his best. Teams are expected to take this year's Club World Cup more serious than ever before, considering the mammoth prize pool at stake. The side that takes the trophy home will receive a windfall of $40m (£30m), while a team winning of their games could see them land up to $125m (£92m). For reference, the winner of the Champions League earns around £120m, while the Premier League champions typically earn between £38m and £40m for finishing first. Sky Sports Germany previously claimed Arsenal are in talks with the 24-year-old over a move and that he is at the top of their list of targets on the wing, although he has also been touted with a move to Man City, Man United and Liverpool. Mikel Arteta was pressed on these links prior to Arsenal's final game of the campaign against Southampton - which saw them win 2-1. 'If you want to win titles, you have to be the best in the market,' Arteta said, as he refused to confirm or deny the links. 'The teams that win have the best players. 'It's a matter of pride. It shows we've brought the club to a level where people expect us to challenge for trophies. 'What is clear with the amount of injuries that we had in the front line is that we need a goal threat and we need firepower'. Rodrygo scored 18 goals and claimed nine assists in the 2023-24 season as Madrid won the treble. But he has failed to follow it up this season, only bagging six times and providing six assists in LaLiga. He has scored just once in his last 22 matches, last netting against Atletico Madrid in March. Rodrygo was not called up for Carlo Ancelotti's inaugural Brazil squad, whom the former Madrid boss now manages.

Flyadeal airline CEO blasts Airbus over 'inexcusable' delivery delays
Flyadeal airline CEO blasts Airbus over 'inexcusable' delivery delays

Reuters

time2 hours ago

  • Reuters

Flyadeal airline CEO blasts Airbus over 'inexcusable' delivery delays

NEW DELHI, June 2 (Reuters) - The head of Saudi budget carrier flyadeal criticised Airbus' ( opens new tab handling of delays of narrow-body jets and voiced concerns that disruption could spread to freshly ordered wide-body A330neos. CEO Steven Greenway spoke out about delays on the sidelines of an IATA airline industry summit in New Delhi, just weeks after unveiling an order for 10 A330neo long-haul planes. "Delays are becoming inexcusable. Transparency, to be frank, is lacking, and we're getting agitated. How else can we plan? I mean it is just going beyond a joke now," Greenway told Reuters. A non-excusable delay is a term used in aircraft contracts to trigger specific penalties to airlines, but these are rare. Jetmakers have consistently argued that any delays caused by supply chain problems are "excusable," industry sources say. Airbus faces some internal industrial problems, he said. Airbus declined to comment on the narrow-body delays. It has previously reported some improvement in supply chains and has said it is working to soften the impact on customers, while sticking to a target for 820 deliveries this year. Flyadeal is also among several carriers affected by a separate slowdown in arrivals of engines from CFM (GE.N), opens new tab( opens new tab on the Airbus assembly line. "I have got two (narrow-body jets) sitting on the ground in Toulouse at the moment that have been there for a couple of months and I don't have any resolution in sight," Greenway said. "We were meant to have four aircraft in the first half of the year. We've only had two, and even those two were delayed." The sister airline to Saudia is now due to have one A321neo delivered in the third quarter and three in the fourth quarter. "But I'm very three in the last quarter are going to get across the line," he said, adding: "Don't forget, this is delays on top of delays." Safran, which co-owns CFM with GE Aerospace (GE.N), opens new tab, said in April that CFM had seen improvements in supply chains and was poised to recover a slow start to 2025. Greenway's comments reflect mounting private frustration about widespread supply problems among airline CEOs gathering for their annual industry meeting. He acknowledged that aerospace had been hit by a broad exodus of labour from the manufacturing sector after COVID-19, but added: "I do think it's inexcusable that here we are three, four years later, and we still haven't got over that hump." Reuters reported last week that Airbus had warned airlines a pattern of delays would persist for another three years. Lessors have spoken of supply tensions for the rest of the decade. Greenway raised concerns that similar problems could spread to the wide-body A330neo, after flyadeal unveiled an order for 10 of the upgraded long-haul jets in April. So far there have been no reports of delivery delays to the aircraft. "Our (first) aircraft was meant to be on the final production line in December of next year. I don't know if we're going to see that or not," he said. Airbus said it was not aware of any A330neo delays. Airlines say delays disrupt decisions that must be taken well ahead like pilot and crew training and adding routes. "You can't you take the wide-bodies, I'm now assuming there is going to be a delay. I'm having to go out and work with wet-lease operators to plug that gap," Greenway said, referring to rentals of planes with crews. Philippine budget airline Cebu Pacific said last week it would wet-lease two crewed A320s to flyadeal during its lean months in July and August, a busy period for the Saudi carrier.

Flight paths shake-up could mean quicker journeys and fewer delays for passengers
Flight paths shake-up could mean quicker journeys and fewer delays for passengers

The Sun

time8 hours ago

  • The Sun

Flight paths shake-up could mean quicker journeys and fewer delays for passengers

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