12:25 PM EDT, 05/30/2025 (MT Newswires) -- Azul ( AZUL ) said Friday it has obtained court approval to immediately access $250 million of its $1.6 billion debtor-in-possession financing related to its voluntary Chapter 11 petitions filed in the US on Wednesday.

The company said it has received interim court approvals for all of the first-day motions it has filed.

The financing, combined with other court approvals and revenue generated from the company's ongoing operations, will provide sufficient liquidity to support its continued operations, Azul ( AZUL ) said.

The second-day hearing to consider Azul's ( AZUL ) requested relief on a final basis is scheduled for July 9, the company said.

Shares of the company were up 2.3% in recent trading.

Price: 0.50, Change: +0.01, Percent Change: +2.33