United Airlines increases stake in Azul to 8.0%

Azul is announcing that current shareholder United Airlines has just concluded a private preferred share transaction with Hainan Airlines, the company said.

The transaction increased United´s economic stake in Azul from 3.7% to 8.0%.

Azul and United connect via their gateways in Sao Paulo — Guarulhos (GRU), Fort Lauderdale, Florida (FLL) and Orlando, Florida (MCO).

In Brazil connecting customers have access to the largest domestic network in the country, serving more than 100 cities, while flying Azul´s award winning domestic experience. In the United States, customers have access to United´s industry global network. In addition to unparalleled connectivity, Azul and United customers can earn elite status miles as well as enjoy benefits such as priority boarding, lounge access and priority baggage when flying the two airlines.

United Airlines and United Express operate approximately 4,600 flights a day to 354 airports across five continents.

Azul, the largest airline in Brazil by number of cities served, offers 739 daily flights to 106 destinations. With an operating fleet of 120 aircraft and more than 10,000 crewmembers, the company has a network of 206 non-stop routes as of March 31, 2018. For more information visit www.voeazul.com.br/ir.