Azul Announces Closing of Secondary Equity Offering

São Paulo, June 29, 2018 - Azul S.A. ("Azul") announced today the closing of the previously announced offering pursuant to which one of its shareholders, Hainan Airlines Holding Co., Ltd. ("Hainan") sold 19,379,335 American depositary shares, or ADSs, of Azul in the United States and elsewhere outside of Brazil. Each ADS represents three preferred shares of Azul. The offering represented all of Hainan’s shares in Azul other than one share after formation of the ADSs, which will be disposed of by Hainan. As of the completion of the offering, Hainan no longer has the right to appoint any directors to Azul’s board of directors.

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