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AZUL requests CVM registration for IPO in Brazil

AZUL Airlines submitted to the Securities Commission (CVM) applications for company registration and registration of public offering of preferred shares on the last Friday (24th). The company stated that will keep the market informed of the terms and conditions applicable , by publication of a Notice to the Market.

Today, the company celebrates a year of the merge agreement with Trip Airlines, which resulted in the third largest Brazilian airline. Currently, the company owns fleet of 118 aircraft, operating in 103 destinations, over 799 flights daily. Employs more than nine thousand people and, according to ANAC, holds 16.7% of domestic market share.

“We are reaping the fruits of a brilliant fusion process, performed by an outstanding team, which exceeded our expectations. We have a very comprehensive network of flights, with strong hubs, that cater to all regions of the country and provide connectivity to high capital and regional routes”commemorates the founder and CEO of Azul, David Neeleman.

During this period, both companies have integrated their organizational structures, systems, airline networks, uniforms, flight service, in addition to their physical units, both in the administrative buildings and call centers. “Gains due to the similarity of our fleet and complementarity of our network were important to keep our plans,” said President of the Executive Committee of the Blue, José Mario Caprioli.

To symbolize the union, an aircraft was painted especially with elements of the brand Trip and brand new company. Dubbed the “Spirit of Union”, the E-195 jet, registration PR-AXV, was delivered today during a ceremony held at Embraer in São José dos Campos. “This is a special aircraft for us. She will remain in mesh with blue paint and this will always be a significant symbol of this merger, “explains the director of Communications and Brand Blue and creator of special paint, Gianfranco Beting.