Azul S A : Announces Exit of 12 Embraer E-195 E1s - Form 6-K
Azul S A : Announces Exit of 12 Embraer E-195 E1s - Form 6-K Azul S A : Announces Exit of 12 Embraer E-195 E1s - Form 6-K. São Paulo, September 20, 2022 - Azul S.A., "Azul", (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil in number of flights and cities served, announces today the exit of 12 aircraft Embraer E-195 E1s from its current passenger operating fleet until the end of 2023. The exit of 12 aircraft Embraer E-195 E1s is related to: (i) a recently negotiated sale of 5 aircraft to Azorra Aviation, reducing debt; (ii) the end of lease of 4 aircraft; and (iii) the conversion of 3 aircraft to Class F freighter. The exit of the E1s gives us the opportunity to advance the delivery of next-generation E2, further expanding our margins given the E2's 26% lower seat cost compared to the E1," said Alex Malfitani, Azul's CFO.
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Embraer E-195 E1 fleet will be reduced by 40% by end of 2023 compared to 2019
São Paulo, September 20, 2022 - Azul S.A., "Azul", (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil in number of flights and cities served, announces today the exit of 12 aircraft Embraer E-195 E1s from its current passenger operating fleet until the end of 2023. Azul's passenger operating E1 fleet will be reduced by 22 aircraft compared to 2019, which represents a 40% reduction and a significant acceleration in its fleet transformation plan.
The exit of 12 aircraft Embraer E-195 E1s is related to: (i) a recently negotiated sale of 5 aircraft to Azorra Aviation, reducing debt; (ii) the end of lease of 4 aircraft; and (iii) the conversion of 3 aircraft to Class F freighter.
The chart below presents the expected Embraer E-195 E1s fleet for the end of 2022 and 2023:
"This announcement demonstrates our ability to accelerate the phase-out of previous-generation Embraer E1s. The exit of the E1s gives us the opportunity to advance the delivery of next-generation E2, further expanding our margins given the E2's 26% lower seat cost compared to the E1," said Alex Malfitani, Azul's CFO. "This also confirms our position as the airline with the youngest, most fuel-efficient fleet in the region and moves us one step further in our commitment to reach carbon neutrality by 2045," added Alex.
Azul S.A. (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil by number of flight departures and cities served, offers more than 900 daily flights to more than 150 destinations. With an operating fleet of 160 aircraft and more than 13,000 crewmembers, Azul has a network of more than 300 non-stop routes. In 2020 Azul was awarded best airline in the world by TripAdvisor, the first time a Brazilian Flag Carrier ranked number one in the Traveler's Choice Awards. For more information visit www.voeazul.com.br/ir.