São Paulo, September 12, 2017 - Azul S.A., or Azul, announced today that it has commenced an offering pursuant to which certain selling shareholders are offering 40,630,186 preferred shares in a global offering consisting of (i) an offering of preferred shares with restricted selling efforts in Brazil by the Brazilian underwriters, and (ii) a concurrent international offering of preferred shares, including in the form of American depositary shares, or ADSs, in the United States and elsewhere outside of Brazil by the international underwriters. Each ADS represents three preferred shares. The selling shareholders intend to grant the international underwriters an option to purchase for a period of 30 days from, but not including, the date of the prospectus up to 4,063,019 additional preferred shares in the form of ADSs, at the public offering price less the underwriting discount to cover over-allotment of ADSs.