Azul S A : Fiscal Council Meeting - 2023 Financial Statements

AZUL S.A.

PUBLICLY-HELDCOMPANY

CNPJ/MF nº 09.305.994/0001-29

NIRE 35.300.361.130

MINUTES OF THE FISCAL COUNCIL MEETING

HELD ON APRIL 12, 2024

1. Date, Time and Place: Held on April 12, 2024, at 6 pm, at the registered office of Azul S.A.
   ("Company"), located at Avenida Marcos Penteado de Ulhôa Rodrigues, n° 939, 8th floor, Edifício Jatobá, Condomínio Castelo Branco Office Park, Tamboré, Zip Code 06460-040, in the city of Barueri, State of São Paulo.
2. Call and Attendance: Call formalities were waived, given the presence of all effective members of the Fiscal Council, namely: (i) Mariana Cambiaghi Lourenço; (ii) Gabriela Soares Pedercini; and (iii) Rene Santiago dos Santos.
3. Chair: Mariana Cambiaghi Lourenço - President; Raphael Linares Felippe - Secretary
4. Agenda and Resolutions:The members of the Fiscal Council, unanimously and without reservations, submitted and expressed their favor opinion to the approval, by the General Meeting, (i) of the annual management report for the fiscal year ending on December 31, 2023; (ii) the financial statements for the fiscal year ended December 31, 2023, accompanied by the independent auditors' report; and (iii) the management's proposal to amend article 5, caput, of the Company's Bylaws, to reflect the capital increases approved within the limit of the Company's authorized capital at the meetings of the Board of Directors held on August 10, 2023 and February 9, 2024. In addition, based on the favorable opinions indicated above, the members of the Fiscal Council discussed and decided on the wording of their Opinion regarding the matters listed above, which is included in this Minute as Annex I.
5. Closure: As there was nothing further to be discussed, the floor was offered to anyone who wanted to speak and given the absence of demonstrations, the work of the meeting was closed and these minutes were drawn up, which were read, approved and signed by all those present. Chair: Mariana Cambiaghi Lourenço - President; and Raphael Linares Felippe - Secretary. Members of the Fiscal Council attended: Mariana Cambiaghi Lourenço, Gabriela Soares Pedercini and Rene Santiago dos Santos.

These minutes are a faithful copy of the original drawn up in the appropriate book.

Barueri, April 12, 2024.

Mariana Cambiaghi	Raphael Linares Felippe
Chairman	Secretary

1

AZUL S.A.

PUBLICLY-HELDCOMPANY

CNPJ/MF nº 09.305.994/0001-29

NIRE 35.300.361.130

ANNEX I TO THE MINUTES OF THE FISCAL COUNCIL MEETING

HELD ON APRIL 12, 2024

OPINION OF THE FISCAL COUNCIL

The members of the Fiscal Council of Azul S.A. ("Company"), in compliance with the provisions of article 163, items II, III and VII, of Law No. 6,404/76, examined (i) the annual management report for the fiscal year ended on December 31, 2023; (ii) the financial statements for the fiscal year ended December 31, 2023, accompanied by the independent auditors' report; and (iii) the management's proposal to amend article 5, caput, of the Company's Bylaws, to reflect the capital increases approved, within the limit of the Company's authorized capital, at the Board of Directors Meetings held on August 10, 2023 and February 9, 2024. Based on the examinations carried out, the information and clarifications received in meetings with management, independent external auditors and the Audit Committee and also considering the report of the independent auditors, the members of the Fiscal Council of the Company are of the opinion that the aforementioned documents and matters are capable of being considered by the General Meeting and have expressed their support for approval by the General Meeting.

Members of the Fiscal Council:

Mariana Cambiaghi Lourenço

Gabriela Soares Pedercini

Rene Santiago dos Santos

* * *

2