São Paulo, September 4, 2017 - Azul S.A., "Azul", (B3: AZUL4, NYSE: AZUL) announces today the execution of the shareholders' agreement among David Gary Neeleman, Trip Participações S.A., Trip Investimentos Ltda., Rio Novo Locações Ltda., CALFINCO, Inc. e Hainan Airlines Co., Ltd. dated September 1, 2017.

As expected and described in our SEC and CVM filings, upon effectiveness of Azul's initial public offering ("IPO") we and our current shareholders have agreed to execute a Post-IPO Shareholders' Agreement replacing the agreement signed with original shareholders in 2008.

Download the agreement here