Azul S.A. said on February 19, 2026 that its board approved the issuance of subscription warrants as part of its Chapter 11 restructuring in the United States. The warrants would allow American Airlines, unsecured creditors, United Airlines and certain creditors to subscribe for new common shares, subject to conditions including CADE approval for the American Airlines-related warrants. The company set February 20, 2026 as the record date for preemptive rights, with a 30-day exercise period beginning February 23, 2026, and warned that non-participating eligible shareholders could face dilution of up to about 12.53% if all warrants are exercised. Azul also approved, subject to conditions tied to completion of the Chapter 11 process, the election of members to a Strategy Committee.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Azul SA published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001292814-26-000440), on February 20, 2026, and is solely responsible for the information contained therein.