Azul successfully reaches commercial agreements with lessors and OEMs

Azul has successfully reached commercial agreements with lessors and OEMs that hold approximately 92% of the existing equity issuance obligations. These agreements represent a significant part of a comprehensive plan designed to strengthen Azul’s cash generation and improve its capital structure going forward. Under these agreements, lessors and OEMs are agreeing to eliminate their pro-rata share of the current balance of the equity issuance obligations totalling approximately R$3 billion ($544,2 million), and in exchange will receive up to 100 million new preferred shares of Azul in a one-time issuance. This negotiation is contingent on amendments to certain other obligations, including