Thomas Wagner and Ara Cohen Report 7.4% Stake in Azul S.A. via Knighthead Capital Management

On April 6, 2026, Thomas A. Wagner III and Ara D. Cohen filed a joint Schedule 13G reporting a significant new ownership position in Azul S.A. (AZULQ). The reporting persons are managing partners of Knighthead Capital Management, LLC and Knighthead Opportunities Capital Management, LLC, which serve as investment advisers to the accounts holding these securities. As of the event date of February 20, 2026, the reporting persons are deemed to beneficially own 4,063,104,500,000 common shares, representing approximately 7.4% of the company's outstanding common shares. This ownership includes 8,126,209 American Depository Shares (ADSs), with each ADS representing 500,000 common shares, as well as warrants exercisable for 28,655,000,000 common shares. The filing indicates that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. This filing represents an initial reporting of their position, as previous ownership was recorded at 0.0%.