Latest news with #Azul
Motor 1
13 hours ago
- Automotive
- Motor 1
VW Vows to Restore Classic Bus That Survived California Wildfires
The Palisades Fire that tore through southern California in January burned nearly 37 square miles of land and took 24 days to contain. It destroyed thousands of homes and businesses, while sparing others. Out of the chaos, a photo emerged showing a white-over-blue Volkswagen Bus that had somehow survived. The T2 didn't escape the fire unscathed, but now VW of America is working to restore the bus back to its former glory. The automaker announced today, on International Volkswagen Bus Day , that the restoration process has already started at its Oxnard Engineering Campus, about 35 miles northwest of the fire. That's where the automaker houses and maintains its historic vehicle collection. Photo by: Volkswagen The Associated Press photograph that circulated online capturing the blue Bus against a burned and charred backdrop showed off the VW's good side, which its owner, Megan Krystle Weinraub, had named 'Azul,' Spanish for blue. Weinraub told the AP at the time that she 'freaked out' and 'screamed' when she first saw the photo that showed the bus had survived. The passenger side received most of the damage. Its paint is peeling, the windshield is cracked, and there are burn marks on the door. Even the front signal light melted. But the Bus is now on the road to recovery. According to Volkswagen , the bus requires 'extensive mechanical fixes and bodywork to be fully operable,' and it should have the project completed by the end of the year. VW will share additional details about the restoration as it progresses, where we'll likely learn the full extent of the damage. Photo by: Volkswagen Hopefully it's not too bad. Judging from the photos, the classic people-mover is certainly worth saving. Read More Volkswagen News: Volkswagen Says European Buyers Want Buttons, Not Screens Buy Now: VW Promises to Keep Pre-Tariff Prices Through June Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Source: Volkswagen Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
Azul Gets First-Day U.S. Court Approvals in Chapter 11 Process
Azul said it received interim court approvals related to the company's chapter 11 petitions filed in the U.S. The court granted approval for the Brazilian airline operator to access $250 million of its $1.6 billion debtor-in-possession financing after a first-day hearing.
Yahoo
4 days ago
- Business
- Yahoo
Azul receives Court approvals to move forward with accelerated transformation process for the future, together with its strategic partners
Company operations and sales continue as usual, honoring all tickets, loyalty points, travel packages and Customer benefits Secures approval to access debtor-in-possession financing to bolster liquidity during restructuring Reaffirms commitment to safely connecting Brazil with Customer service of excellence SíO PAULO, May 30, 2025 /PRNewswire/ -- AZUL S.A. (B3: AZUL4; NYSE: AZUL) ("Azul" or "Company"), the largest airline in Brazil by number of flight departures and destinations, announced today that following a successful First Day Hearing, it received interim court approvals for all of its "First Day" motions related to the Company's voluntary Chapter 11 petitions filed in the United States on May 28, 2025. Among other relief, the Court granted approval for the Company to immediately access US$250 million of its US$1.6 billion debtor-in-possession ("DIP") financing. This financing, combined with other Court approvals and revenue generated from Azul's ongoing operations, will provide sufficient liquidity to support the continued, uninterrupted operations as the Company works to transform its financial future. "The Court's approval of all of our first day motions marks a pivotal milestone in positioning Azul for long-term success," said John Rodgerson, Chief Executive Officer of Azul. "These approvals, along with the strong support of our key financial stakeholders, including United Airlines, American Airlines, and AerCap, enable us to continue our accelerated transformation plan for the future. This process will allow Azul to significantly reduce its leverage and continue to generate cash, putting it on par with its global partners." The "Second Day" hearing to consider the Company's requested relief on a final basis is currently scheduled for July 9, 2025 at 2:00 pm ET. Additional Information Stakeholders seeking specific information about Azul's Chapter 11 case can visit its dedicated website at For case and claims information, please visit or call (833) 888-8055 (toll-free) or (949) 556-3896 (international). The Company is supported by Davis Polk & Wardwell LLP, White & Case LLP, and Pinheiro Neto Advogados as legal counsel; FTI Consulting as financial advisor; Guggenheim Securities, LLC as investment banker; SkyWorks Capital LLC as fleet advisor; and FTI Consulting, C Street Advisory Group, and MassMedia as strategic communications advisors. The Participating Lenders are supported by Cleary Gottlieb Steen & Hamilton LLP and Mattos Filho as legal counsel and PJT Partners as investment banker. United Airlines is supported by Hughes Hubbard & Reed LLP and Sidley Austin LLP as legal counsel and Barclays Investment Bank as investment banker. American Airlines is supported by Latham & Watkins LLP as legal counsel. AerCap is supported by Pillsbury Winthrop Shaw Pittman LLP as legal counsel. About Azul Azul S.A. (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil by number of flight departures and cities served, offers 900 daily flights to over 150 destinations. With an operating fleet of over 200 aircrafts and more than 15,000 Crewmembers, the Company has a network of 300 non-stop routes. Azul was named by Cirium (leading aviation data analysis company) as the most on-time airline in the world in 2023. In 2020 Azul was awarded best airline in the world by TripAdvisor, the first time a Brazilian flag carrier earned the number one ranking in the Traveler's Choice Awards. For more information, access View original content: SOURCE Azul S.A. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Brazil's Azul aims to exit Chapter 11 early 2026, says exec
SAO PAULO (Reuters) - Brazilian airline Azul 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, Campos said Azul will now focus primarily on its financial restructuring process. Azul filed for Chapter 11 in the United States earlier this week.
Reuters
4 days ago
- Business
- Reuters
Brazil's Azul aims to exit Chapter 11 early 2026, says exec
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 ( 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.
