Azul Clarifies Newspaper Report

São Paulo, December 14, 2018 - In response to the Valor Econômico article published today entitled "Azul studies to make a bid for Avianca Brasil", Azul clarifies that its Chairman and founder David Neeleman made a comment referencing the company’s fiduciary duty to evaluate potential market opportunities. The company is currently not engaged in any negotiations to make a bid for Avianca Brasil.

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