Brazilian Airline Azul Plans Chapter 11 Bankruptcy

Imagine a big company that flies airplanes, called Azul.

It's having money problems.

Azul plans to ask for help from the court to reorganize its debts, which is like hitting the reset button on how it pays back what it owes.

This type of request is called Chapter 11 bankruptcy protection.

This means the company has a lot of debt and needs time to figure things out.

Other airlines in Latin America had to do the same thing because a bad situation in the past caused lots of airlines to lose money.

Despite trying to make deals, Azul is still struggling with debt, which has grown bigger recently.

The company is facing a tough situation.