Azul plans to add eight A320neos and one A330neo in 2018 and remove seven E195s, ending the year with 124 operating aircraft. Also, due to significant growth of its cargo business, the carrier intends to lease two used B737-400Fs with deliveries expected for 2H 2018.

The following graph details the expected profile of its operating fleet from December 31, 2017 through December 31, 2021:

Fleet and Capital Expenditures

As of 31 December 2017, Azul had a total operating fleet of 122 aircraft consisting of 70 E-Jets, 33 ATRs, 12 A320neos, and seven A330s with an average age of 5.6 years. The Company’s contractual fleet totaled 147 aircraft, of which 27 were under finance leases and 120 under operating leases. The 25 aircraft not included in its operating fleet consisted of 15 aircraft subleased to TAP and 10 ATRs that were in the process of exiting the fleet.

Total Contractual Fleet