On January 7, 2025, Azul S.A. announced that 99.6% of its 11.930% Senior Secured First Out Notes due 2028, 97.8% of its 11.500% Senior Secured Second Out Notes due 2029, and 94.4% of its 10.875% Senior Secured Second Out Notes due 2030 have been tendered in their exchange offers, which is a significant event.