Brazilian Antitrust Authority Approves JV Between Azul and Correios

São Paulo, December 5th, 2018 - Azul S.A., "Azul", (B3: AZUL4, NYSE: AZUL) announces today that in the context of the Memorandum of Understanding executed on December 20, 2017 by Azul and Correios (Brazil's Postal Service) that the Administrative Council for Economic Defense ("CADE") made available in its website the report from the General Superintendence which approves, without restriction, the creation of a private integrated logistics solutions company. The proceeding is still subject to a possible third party appeal or request for review by CADE's Tribunal, which can be made within 15 days as from such publication, pursuant to the applicable law.