Azul Obtains Additional Funding from Existing Bondholders

São Paulo, April 30, 2025 – Azul S.A., “Azul” (B3: AZUL4, NYSE: AZUL) announces today that it has obtained from its existing bondholders approximately R$600 million in additional funding. This agreement strengthens Azul’s liquidity position after the debt conversion where 35% of the notes due in 2029 and 2030 were converted into preferred shares.

The BRL Denominated Secured Notes (the “Notes”) are issued by Azul Secured Finance II LLP and guaranteed by Azul and certain of its subsidiaries. The Notes are secured by certain credit and debit card receivables generated by our passenger airline business. The Notes have a maturity of six months and are prepayable in the event that Azul receives any public-backed financing. The issuance of the Notes did not require any amendment to, or waiver under, any of Azul’s existing secured notes and secured convertible debentures.

Azul continues to work with stakeholders to further strengthen its financial position. Azul will keep its shareholders and the general market updated in relation to any material developments related to the matters addressed in this Notice to the Market, in accordance with applicable regulations.