Azul S.A. Update on Subscription Warrants

Azul S.A. has announced an update regarding its previously approved common share subscription warrants. In conjunction with B3 S.A. – Brasil, Bolsa, Balcão, the company has decided to suspend the cancellation process for these warrants. This decision was made considering the company's existing restrictions, including those under its Chapter 11 Plan, and aims to protect the interests of investors and stakeholders. The trading of the subscription warrants on B3 will remain temporarily suspended while Azul and B3 evaluate the next steps. The company will provide further updates in due course.