Azul Announces Termination of Discussions with Abra Regarding Potential Business Combination

Azul S.A. ("Azul" or "Company") (B3: AZUL4; OTC: AZULQ), in continuation of the Material Fact disclosed on January 15, 2025, hereby informs its shareholders and the market in general of the termination of commercial discussions with the controlling entity of Gol Linhas Aéreas Inteligentes S.A. ("Gol"), Abra Group Limited ("Abra") (Azul and Abra being referred to collectively as the "Parties"), which were formalized in the Non-Binding Memorandum of Understanding ("MoU") entered into on January 15, 2025, outlining the terms and conditions of a potential business combination between Azul and Gol.