About Our Restructuring

On May 28, 2025, Azul announced we have reached agreements with certain of our key financial and strategic stakeholders on a reorganization plan to strengthen the Company’s financial foundation and position the business for a more sustainable future. The financial restructuring process through which we will implement the plan is a commonly used legal tool in the United States that allows companies to operate and serve stakeholders as usual while they work in the background to address their financial structure.

Importantly, Customers, Crewmembers, and partners remain our priority. We are continuing to operate as normal throughout this process while maintaining our commitments to stakeholders, including continuing to fly and accept bookings as usual.

Through this process and the support of our stakeholders, we are confident we will emerge with greater financial flexibility, even stronger, more efficient, and better positioned to continue connecting Brazil while offering the best service and value to Customers.

Azul will continue to:

• Operate as normal
• Pay our Crewmembers as usual, with benefits remaining in place, including health insurance and paid time off
• Support the loyalty program without any changes to its terms, benefits, redemption options, or subscriptions available to our loyalty members
• Honor commissions, agreements, and commercial terms – there are no changes required in our booking systems for our travel agents
• Provide cargo operations and fulfill shipments on schedule
• Remain focused on providing the reliable, top-tier service our Customers have come to expect

To Our Customers, Vendors, and Partners – Thank you for your continued support and partnership. The actions we are taking now will strengthen our business so we can be an even stronger partner for you.