By Brazil Stock Guide – Embraer S.A. said that Azul Linhas Aéreas Brasileiras S.A. has renegotiated a long-standing aircraft order, cutting its firm commitment from 51 to 25 E195-E2 jets originally placed between 2014 and 2018, as the airline restructures under Chapter 11 protection in the United States.
The revised agreement was signed on Nov. 26, 2025, replacing contracts disclosed in previous years and reflecting Azul’s updated fleet and capital priorities. The adjustment comes as the carrier seeks to preserve liquidity and recalibrate long-term obligations while remaining operational during its court-supervised restructuring process.
The amendment was approved by the U.S. Bankruptcy Court for the Southern District of New York at a hearing held on Dec. 18, with the judicial order published on Dec. 22, making the reduction legally binding as part of Azul’s broader reorganization plan.
For Embraer, the renegotiation avoids a full cancellation but results in a meaningful reduction to its commercial aviation backlog, highlighting the lingering financial strain among airlines in emerging markets even as manufacturers work to protect strategic customer relationships.