SÃO PAULO, Sept. 24, 2018 /PRNewswire/ -- Azul S.A., "Azul" (B3: AZUL4, NYSE: AZUL) announced
today that it has engaged Azorra Aviation LLC ("Azorra") to remarket its entire Embraer E190/E195 fleet. Azorra's team has a
wealth of experience in marketing, sales and leasing of E-Jets and a proven track-record of supporting Azul. With this
partnership, Azul expects to accelerate the transition of its current E1 fleet to Embraer's next generation E195-E2s,
contributing to a significant reduction in operating costs.
"This advances our initiative to aggressively drive down unit costs, expand margins and transform our fleet to the newest,
most fuel efficient and modern fleet in the industry" says John Rodgerson, CEO of Azul. "We've
worked with John Evans and several key members of his current Azorra team on numerous prior E-Jet
projects – from leases of our earliest aircraft to the sale of older E-Jets. Azorra is well-positioned and uniquely qualified to
help us meet our current E-Jet fleet transitioning objectives."
"We appreciate the confidence in our team that Azul has demonstrated with this appointment" said John
Evans, Azorra's CEO. "We plan to work closely with Azul's fleet planning team and with their lessor partners to bring
value to Azul's fleet transition process. By leveraging on the relationships we have built over the years and our extensive E-Jet
specific experience, including marketing, sales, leasing, sub-leasing, deliveries, and lease returns, we will achieve the best
possible outcome for Azul and its partners."
About Azul
Azul S.A. (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil by number of cities
served, offers 780 daily flights to 107 destinations. With an operating fleet of 121 aircraft and more than 10,000 crewmembers,
the company has a network of 217 non-stop routes as of June 30, 2018. This year, Azul was awarded
best airline in Latin America by TripAdvisor Travelers' Choice and in 2017, the Company was
elected best low cost carrier in South America for the seventh consecutive time by Skytrax. Azul
also ranked as most on-time airline in Brazil and most on-time low-cost carrier in the Americas
in 2017 according to OAG's Punctuality League, the industry's most comprehensive annual ranking of on-time performance. For more
information visit www.voeazul.com.br/ir.
About Azorra Aviation LLC
Azorra Aviation LLC is headquartered at Fort Lauderdale International Airport (FLL)
and is led by John Evans, whose more than 30 years in commercial aircraft leasing includes the
prior start-up, development and sale of two successful aircraft leasing companies – Indigo Aviation & Jetscape. Azorra's
relationship driven business model is rooted in helping airlines, OEMs, and lessors facilitate smooth transitions from current
and older generation regional jets, to newer technology replacements. Azorra's entrepreneurial executive leadership team is
comprised of highly esteemed professionals who bring a wealth of experience and core competencies in aircraft leasing, airline
operations, aviation finance, private equity, M&A, banking, consulting, aviation law, contracts, aircraft maintenance and
technical management.
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SOURCE Azul S.A.