A Brazilian appeals court ruled on Monday in favor of several Avianca Brasil lessors, granting them the right to repossess over 15 planes, legal records show, amid a renewed push to retrieve the Airbus jets from the struggling airline, Reuters reported. Avianca Brasil filed for bankruptcy in December after falling behind on airplane lease payments and has managed to hold on to most of its planes amid a dizzying number of court cases.

Creditors led by hedge fund Elliott Management approved on Friday a restructuring plan for bankrupt airline Avianca Brasil, hours after the country’s antitrust regulator announced preemptively that the plan could run afoul of competition laws, Reuters reported. The regulator, known as CADE, said on Friday morning that it could block the plan, which Avianca Brasil hopes could raise some $210 million. The carrier filed for bankruptcy protection in December.

Brazilian airline Avianca Brasil plans to split into seven units that it will auction off separately, with rivals LATAM Airlines and Gol Linhas Aereas Inteligentes both planning to bid for some of those parts in a bankruptcy auction, Reuters reported. The plan to split up the carrier, filed in a Brazilian court on Wednesday, is a significant departure from a previous proposal and adds fresh competition for some of the most-coveted airport slots in Brazil. But it also shuts the door on a previous offer by competitor Azul SA.

Brazilian energy firm Eneva SA announced a secondary offering of 49.97 million shares in a securities filing on Wednesday, confirming an earlier Reuters report. The firm, which owns gas-fired power plants and natural gas exploration and production assets in northeastern Brazil, said shareholders Itau Unibanco Holding SA, Uniper Holding GmbH, Banco BTG Pactual SA, Banco Pine SA , and Dommo Austria GmbH, a unit of Brazil’s Dommo Energia SA, plan to sell shares in the offering, Reuters reported.

Brazilian telecommunications firm Oi SA reported a big quarterly loss on Wednesday, sending shares of the heavily indebted company down nearly 5 percent in morning trading, Reuters reported. Oi, Brazil’s largest fixed-line operator, reported a net loss of 3.359 billion reais ($858 million) in the fourth quarter of 2018 late on Tuesday, 65.7 percent more than the loss it reported a year earlier. Total revenue fell 7.9 percent.

Brazilian carrier Avianca Brasil will reduce its fleet size and cease operations at Rio de Janeiro’s international airport as it downsizes in the wake of a bankruptcy filing in December, the firm said on Tuesday. The company said in a statement it would seek to reduce the number of destinations it serves to 23 and cut its fleet size to 26 planes over the month of April, Reuters reported. It will also cease operations in the cities of Belem and Petrolina, as well as at Rio de Janeiro-Galeao International Airport.

Privately owned Brazilian agribusiness group Itaquere has filed for bankruptcy protection to restructure 482 million reais ($127 million) of debt, according to a letter from management seen by Reuters, Reuters reported. In the letter dated March 21, the group, based in Brazil’s top grains state Mato Grosso, blames a prolonged economic crisis, along with adverse climate conditions and currency swings, for its financial woes. The letter was signed by the group but not by any particular executive.

After defaulting in November, embattled Brazilian construction giant Odebrecht Engenharia e Construcao SA appeared determined to move quickly to negotiate with creditors, Bloomberg News reported. One month later, the company began talks with some of its largest bondholders, granting them access to confidential information and agreeing to reimburse them for some fees. The two sides held follow-up conversations as a prelude to a sitdown in New York on Feb. 27, when the Brazilian company was due to present its proposal to restructure around $3 billion of debt. Odebrecht wasn’t ready, though.

All Avianca Brasil flights were operating normally, a spokeswoman for the carrier said on Tuesday, a day after a Brazilian appeals judge lifted an order that allowed the carrier to operate 10 of its planes despite missed leasing payments, Reuters reported. She added that the decision, which could disrupt the airline’s ability to complete scheduled flights, would be appealed. The ruling, a copy of which was reviewed by Reuters, is the latest development in a bitter legal fight between lessors and the carrier, which is going through bankruptcy protection.

A Brazilian appeals judge on Monday lifted an order that allowed struggling carrier Avianca Brasil to operate 10 of its planes despite missed leasing payments, Reuters reported. The decision is the latest development in a bitter legal fight between lessors and the carrier, which is going through bankruptcy protection, and which could disrupt the airline’s ability to complete scheduled flights. Avianca Brasil could still seek an emergency injunction in Brazil’s Superior Court of Justice.