Azul Announces US$200 Million Credit Facility to Finance Engine Maintenance

São Paulo, December 26th, 2023 – Azul S.A., “Azul” or the “Company”, (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil by number of flights and cities served, announces that its subsidiaries Azul Linhas Aéreas Brasileiras S.A. (“ALAB”) and Azul Investments LLP have received approval to access a new US$ 200 million secured credit facility. The facility will be used to finance engine maintenance of ALAB’s Embraer and Airbus fleet, performed by GE Celma Ltda. (a subsidiary of GE Aerospace). The Brazilian Guarantees Agency – ABGF (Agência Brasileira Gestora de Fundos Garantidores e Garantias) was the rapporteur. The Export Financing and Guarantee Committee – COFIG (Comitê de Financiamento e Garantia das Exportações) approved the transaction under the conditions presented by ABGF.

“We believe that this new credit facility will enable us to optimize our liquidity position and streamline our fleet engine maintenance process, further enhancing our partnership with GE Aerospace.” says Alex Malfitani, Azul´s CFO and Investor Relations Officer.