Stratrix
On the Record · Azul

Azul subsidiaries, as it lists them

The subsidiaries Azul lists in its latest annual report, with the jurisdiction of each, linked to the filing.

Subsidiaries it lists

SubsidiaryJurisdiction
Azul Linhas Aéreas Brasileiras S.A.Brazil
IntelAzul S.A. (formerly Tudo Azul S.A.)Brazil
Azul Conecta Ltda. (formerly TwoTaxi Aéreo Ltda.)Brazil
ATS Viagens e Turismo Ltda.Brazil
Cruzeiro Participações S.A.Brazil
Azul Investments LLPUSA
Azul SOL LLCUSA
Azul Finance LLCUSA
Azul Finance 2 LLCUSA
Blue Sabiá LLCUSA
Canela Investments LLCUSA
Canela Turbo Three LLCUSA
Canela 336 LLCUSA
Azul Saíra LLCUSA
Azul Secured Finance LLP (a)USA
ATSVP - Viagens Portugal, Unipessoal LDA. (b)Portugal
Azul IP Cayman Holdco Ltd. (c)Cayman Islands
Azul IP Cayman Ltd. (c)Cayman Islands
Azul Secured Finance 2 LLP (d)USA
Azul Finance 3 LLC (e)USA

From the subsidiary exhibit of the 20-F for 2025. Companies must list their significant subsidiaries there and may leave out smaller ones, so this is the company’s own list, not every entity it owns.

Read from Azul’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-04-03. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.