UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of April, 2025
Commission File Number: 001-38049
Azul S.A.
(Name of Registrant)
Edifício Jatobá, 8th floor, Castelo Branco Office Park
Avenida Marcos Penteado de Ulhôa Rodrigues, 939
Tamboré, Barueri, São Paulo, SP 06460-040, Brazil.
+55 (11) 4831 2880
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ¨ No x
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ¨ No x
 | Notice to the Market April | 2025 |
Azul Provides Current Outstanding Shares
São Paulo, April 28, 2025 - Azul S.A. (B3: AZUL4, NYSE: AZUL) (“Azul” or the “Company”) provides information on its current issued and outstanding common shares and preferred shares. The Company’s total outstanding shares now includes the shares subscribed in the context of the capital increase to our aircraft lessors, controlling shareholders, as well as the debt conversion, where 35% of the notes due in 2029 and 2030 were converted into preferred shares, as detailed below:
| · | April 3, 2025: 96,009,988 new preferred shares issued to lessors and 36,196 new preferred shares issued to existing shareholders; |
| · | April 10, 2025: 1,200,000,063 new common shares issued to the controlling shareholders and 152,924 new preferred shares issued to existing shareholders; and |
| · | April 28, 2025: 450,572,669 new preferred shares for bondholders (including in the form of ADSs*) and 13,517,180 new preferred shares issued to existing shareholders and other investors. |
The updated shareholder information after the issuances of shares referred to above is as follows:
| Shareholders | Common Shares | % Common Shares | Preferred Shares | % Preferred Shares | Total Economic Shares (1 PS = 75 CS) |
% Economic Interest |
| David Neeleman | 1,426,406,701 | 67.0% | 7,329,683 | 0.8% | 26,348,439 | 2.85% |
| Trip Shareholders** | 702,558,420 | 33.0% | 5,981,040 | 0.7% | 15,348,486 | 1.66% |
| United Airlines, Inc. (Calfinco) | - | - | 18,632,216 | 2.1% | 18,632,216 | 2.02% |
| Others | - | - | 863,832,318 | 96.4% | 863,832,318 | 93.45% |
| Treasury | - | - | 264,496 | 0.0% | 264,496 | 0.03% |
| TOTAL | 2,128,965,121 | 100.0% | 896,039,753 | 100.0% | 924,425,955 | 100.0% |
*Note: One ADS represents three preferred shares.
**Represents Trip Participações S.A., Trip Investimentos
Ltda., and Rio Novo Locações Ltda.
About Azul
Azul S.A. (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil by number of flight departures and cities served, offers 1,000 daily flights to over 150 destinations. With an operating fleet of over 180 aircraft and more than 15,000 Crewmembers, the Company has a network of 300 non-stop routes. Azul was named by Cirium (leading aviation data analysis company) as the most on-time airline in the world in 2022, being the first Brazilian airline to obtain this honor. In 2020 Azul was awarded best airline in the world by TripAdvisor, the first time a Brazilian flag carrier earned the number one ranking in the Traveler’s Choice Awards. For more information visit https://ri.voeazul.com.br/en.
|
Contact: Investor Relations Tel: +55 11 4831 2880 |
Media Relations Tel: +55 11 98196 1035 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: April 28, 2025
Azul S.A.
By: /s/ Alexandre Wagner Malfitani
Name: Alexandre Wagner Malfitani
Title: Chief Financial Officer