Azul S.A. has commenced an offer to purchase for cash up to USD 55,900,850 in aggregate principal amount of its outstanding 11.500% Senior Secured Second Out Notes due 2029, plus accrued and unpaid interest thereon, upon the terms and subject to the conditions set forth in the Offer to Purchase and Notice of Mandatory Repurchase Offer, dated July 20, 2023. Any capitalized terms used in this press release without definition have the respective meanings assigned to such terms in the Offer to Purchase.