Azul transforms for the future as Company reaches agreements on financial reorganization with key stakeholders, including its lenders, largest lessor, and strategic partners United Airlines and American Airlines

Restructuring Announcement: Azul S.A., Brazil's largest airline, has initiated a Chapter 11 restructuring process in the U.S. to secure approximately $1.6 billion in debtor-in-possession financing and eliminate over $2 billion in debt, while continuing normal operations and honoring customer commitments.

Support from Stakeholders: The restructuring is backed by key financial stakeholders including AerCap, United Airlines, and American Airlines, aiming to position Azul for long-term success and enhance its operational efficiency amidst challenges posed by the COVID-19 pandemic and other market factors.