Azul announces backstop commitment agreement with certain backstop commitment parties

São Paulo, August 1, 2025 – AZUL S.A. (B3: AZUL4; OTC: AZULQ) (“Azul” or “Company”), the largest airline in Brazil by number of flight departures and destinations, announces that on July 31, 2025, entered into the Backstop Commitment Agreement with certain Backstop Commitment Parties (the “BCA”). The BCA provides for a commitment to support an equity capital raise of up to US$650 million, on the terms and conditions set forth therein. The Backstop Commitment Agreement is subject to approval of the Bankruptcy Court. The debtors intend to file a motion seeking such approval from the Bankruptcy Court, and will notice such motion to be heard later in the Chapter 11 cases.

Azul remains committed to keeping stakeholders informed and ensuring a seamless travel experience throughout the restructuring process.

Communication and Transparency with the Market
Azul will keep its shareholders, customers, Crewmembers, and the market informed of all material developments in the restructuring process, in full compliance with applicable laws and regulations.