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Azul Announces Re-tap Offering for Senior Notes due 2028 AVIATOR Azul Announces Re-tap Offering for Senior Notes due 2028

São Paulo, February 05, 2024 – Azul S.A., (B3: AZUL4, NYSE: AZUL) (“Azul” or “Company”) announces today that its subsidiary Azul Secured Finance LLP, a Delaware limited liability partnership, has launched a re-tap offering of US$148,700,000 aggregate principal amount of its 11.930% Senior Secured First Out Notes due 2028 (“New Notes”).

The New Notes will be guaranteed by the Company and its subsidiaries Azul and Azul Linhas Aéreas Brasileiras S.A., IntelAzul S.A., ATS Viagens e Turismo Ltda., Azul IP Cayman Holdco Ltd., and Azul IP Cayman Ltd, and secured on a “first out” basis by a shared collateral package that will also secure certain other debt and other obligations. The shared collateral package comprises certain receivables generated by TudoAzul (Azul’s loyalty program), certain receivables generated by Azul Viagens (Azul’s travel package business) and certain brands, domain names and certain other intellectual property used by the Azul airline business (excluding Azul Cargo), TudoAzul and Azul Viagens.

Terms are subject to market conditions and there can be no assurance that the Notes offering, or sale will be entered into and consummated.

The Company intends to use the net proceeds to refinance permitted refinancing indebtedness.

Azul will keep investors and the general market updated on the progress of the issuance of the New Notes.

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