Azul and Copa Airlines Announce New Codeshare and Improved Frequent Flyer Program Agreements

Customers can conveniently connect to Azul's unrivaled domestic network when flying Copa into and out of Brazil; in addition to the codeshare agreement, Azul and Copa also announce today the launch of their frequent flyer cooperation agreement

Azul Brazilian Airlines and Copa Airlines have announced today a broad cooperation agreement that will connect the two largest route networks in Latin and South America. As part of this agreement, customers can conveniently connect to Azul's unrivaled domestic network when flying Copa into and out of Brazil. This agreement means that Copa customers can now potentially access all of Azul's 101 domestic destinations in Brazil, including 52 destinations not served by any other airline. In the near future, Azul will also place its code on Copa flights into and out of its Panama city hub, allowing Azul's domestic customers to take advantage of the broadest network in Latin America. The benefits and convenience of a codeshare ticket include those of thru check-in and thru-baggage.

In addition to the codeshare agreement, Azul and Copa also announce today the launch of their frequent flyer cooperation agreement. Starting in December, members' of TudoAzul, Azul's loyalty program, and ConnectMiles, Copa's loyalty program can now easily earn frequent flyer points when flying either airline.

"Copa Airlines is always looking for partnerships to offer the best travel experience and enhance our route network for our customers. This new partnership with Azul reinforces the company's presence in Brazil as well as expands our connectivity domestically in this important country," said Dennis Cary, Commercial and Planning Senior Vice President, Copa Airlines.

"This codeshare agreement also allows us to offer more flight options to major cities in the Brazilian southeastern and northeastern regions to which we currently do not fly and which, through our Hub of the Americas, will be connected with Panama and the rest of the American continent bringing more opportunities and economic development to these cities," added Cary.

Operational excellence is embedded deep within the DNA of both Copa and Azul. "In addition to the broad portfolio of destinations, this codeshare brings together two of the most on-time airlines in the world. Copa is the most on-time airline in Latin America while Azul is the most punctual in Brazil. This ensures the best possible experience for our connecting customers," highlights Shah.

Once the agreement is approved by the regulatory authorities, customers of both airlines will be able to enjoy all these benefits.

About Azul

Azul S.A. (B3: AZUL4)AZUL, the largest airline in Brazil by number of cities served, offers 766 daily flights to 110 destinations. With an operating fleet of 120 aircraft and more than 11,000 crewmembers, the Company has a network of 218 non-stop routes as of September 30, 2018. This year, Azul was awarded best airline in Latin America by TripAdvisor Travelers' Choice and by Kayak's Flight Hacker Guide, and also best regional carrier in South America for the eighth consecutive time by Skytrax. Azul also ranked as most on-time airline in Brazil and most on-time low-cost carrier in the Americas in 2017 according to OAG's Punctuality League, the industry's most comprehensive annual ranking of on-time performance. For more information visit www.voeazul.com.br/ir.

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