Azul Announces Repurchase of up to 2,000,000 Shares

São Paulo, March 18, 2019 – Azul S.A., “Azul”, (B3:AZUL4, NYSE:AZUL), in accordance with CVM instruction No. 480, as of December 7th, 2009, as amended, announces to the market the approval of the repurchase of up to 2,000,000 preferred shares issued by the Company’s Board of Directors Meeting in a meeting held on March 12, 2019, in accordance with Paragraph 1, Article 30 of the Brazilian Corporation Law and CVM Instruction No. 567, as of September 17, 2015, as described in Annex I (“Shares Repurchase Plan”). The purpose of the Shares Repurchase Plan is to comply with multiple years of the Company’s Restricted Share Units Plan, approved by the Company’s Extraordinary Shareholders’ Meeting held on June 30, 2014, as amended, as well as any other long-term incentive plans approved by Shareholders’ Meetings of the Company.