Brazilian airline Voepass has filed a request for preparatory relief, with the airline looking to restructure its short-term financial obligations while strengthening its capital structure in order to achieve long-term sustainability.
The request, which includes the reprofiling of an indebtedness condition, aims to organise the airline’s liabilities along with its cash flow.
In August 2024, a Voepass ATR 72-500 aircraft crashed north of Sao Paulo, claiming the lives of 62 people on board, including 58 passengers and four crew members.
The airline confirmed that it had been financially impacted by the crash. “In mid-2024, Voepass had a wide network and financial health conducive to continuing its scheduled expansion, which was impacted after the tragic crash of flight 2283, last August,” read a statement from Voepass.
Voepass emphasised that it will continue to prioritise employee salaries and benefits normally throughout any restructuring process. The airline also said that these new measures will not include the compensation process linked with flight 2283.