Azul S.A. has announced that the Administrative Council for Economic Defense $(CADE)$ has unanimously approved a US$100 million equity investment by United Airlines. The transaction involves United Airlines subscribing to new shares, including American Depositary Shares (ADS), as part of Azul's Chapter 11 restructuring plan. The shares will be issued through a primary public offering on the Brazilian over-the-counter market, in accordance with CVM Resolution No. 160. The settlement of the offering is scheduled for February 20, 2026.
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