Avibras has made significant progress in its restructuring process, with two important milestones achieved this week that contribute to enabling the resumption of its operations.

On Tuesday, 10 March, the Court of Justice ruled on the appeals filed against the approval of the company's Judicial Reorganisation Plan. By unanimous decision, the judges rejected the appeals and upheld the approval of the plan, which had previously been approved by 99.2% of the creditors present at the General Assembly. 

With this decision, the Judicial Reorganisation Plan remains valid, allowing the company to proceed with the implementation of the measures provided for in its restructuring process.

Another advance occurred on Wednesday, 11 March, when workers approved, at a meeting held at the headquarters of the São José dos Campos Metalworkers' Union, the company's proposal to settle labour debts. With the approval, the strike that began in September 2022 was ended.

The two results meet conditions considered fundamental to enabling the company's restructuring process and the gradual resumption of its activities.

The company continues in the transition phase, which includes the necessary preparations for the restoration of its operations. It also remains committed to implementing the Judicial Reorganisation Plan and building a new cycle for the company, focusing on the continuity of its operations and strengthening its performance in the defence and aerospace sectors.

Press Office