São Paulo, August 29, 2019 - Azul S.A., "Azul", (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil by number of cities served and flight departures, announces today that its cargo unit, Azul Cargo Express, signed a commercial agreement with Mercado Libre, Latin America's largest e-commerce company. As a result, Azul Cargo Express will become the only air-shipping partner within Brazil for purchases made on Mercado Libre's website.
"We are very excited to have Mercado Libre as our largest e-commerce partner. When it comes to shipping, customers want fast delivery and reliable service, and this is what we do best. We fly to more than 100 domestic destinations, have 250 franchise stores nationwide, and are able to reach more than 3,500 municipalities within 24 hours. Moreover, we are the only airline in 72% of the routes we serve. Our breadth of reach and delivery speed is unique in the country," said John Rodgerson, Azul's CEO.
"To our customers, this partnership means faster deliveries through Mercado Libre's and Azul's extensive network, covering the entire country with almost 900 daily flights. With Azul, we expect to significantly increase both the number and speed of deliveries," said Leandro Bassoi, Vice-President of Mercado Envios, Mercado Libre's Latin America shipping unit.
Azul's cargo business grew 44% during the first half of the year, benefiting from Azul's network and fleet expansion. E-commerce was by far the fastest source of revenue growth increasing 314% over last year. Mercado Libre currently represents 10% of Azul Cargo Express' revenue.