Azul has asked the court to extend its deadlines and keep exclusivity over its restructuring plan, while also seeking approval to shed or retain certain aircraft and engine leases. Azul CEO John Rodgerson has said repeatedly that Azul expects to exit Chapter 11 in early 2026. If the court approves the disclosure statement, creditors will be asked to vote on the plan, with a confirmation hearing to follow. For Brazil’s airline industry, which has endured years of turbulence and a string of restructurings, Azul’s fate carries outsized importance. If Azul delivers on its plan, it will reemerge from Chapter 11 with reduced debt, more predictable costs, and a simplified fleet.