On January 22, 2025, Azul S.A. reported that 99.69% of the 11.930% Senior Secured Notes due 2028, 98.02% of the 11.500% Notes due 2029, and 94.51% of the 10.875% Notes due 2030 were tendered in their recent exchange offers, which expired on January 21, 2025. The company plans to update investors further regarding the settlement of these offers.