v3.26.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2025
Property, plant and equipment [abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
15.1Accounting policies
The assets included in property and equipment are recorded at acquisition cost.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Depreciation is calculated according to the estimated economic useful life of each assets using the straight-line method. The estimates and depreciation methods are reviewed annually, and the effects of any changes are accounted for prospectively.
When there are indications of assets recorded with values that exceed their recovery values, the Company must estimate the recoverable value of the asset.
An item of property and equipment is derecognized upon its disposal or when no future economic benefits are expected from the use of the asset. Any gains or losses arising on the sale or derecognition of an item are determined by the difference between the amount received on the sale and the carrying amount of the asset and are recognized in statements of operation.
The Company receives credit from manufacturers when purchasing certain aircraft and engines, which can be used to pay for maintenance services. These credits are recorded as a reduction in the acquisition cost of aircraft and related engines.
15.1.1Sales and leaseback transactions
First, sale and leaseback transactions are analyzed within the scope of IFRS 15 – Revenue from Contracts with Customers, in order to verify whether the performance obligation has been satisfied, and therefore to account for the sale of the asset. If this requirement is not met, it is a financing with the asset given as guarantee.
If the requirements related to the performance obligation set out are met, the Company measures a right-of-use asset arising from the sale and leaseback transaction in proportion to the carrying amount of the asset related to the right of use retained by the Company. Accordingly, only the gains or losses related to the rights transferred to the buyer-lessor are recognized.
During the year ended December 31, 2025, the Company carried out sales and “sales and leaseback” transactions of engines and two aircraft, where the revenue, net of sales costs, corresponds to a gain of R$60,270 ( R$91,613 on of December 31, 2024 and loss of R$6,356 on December 31, 2023) being recognized under the line “Other”.
15.1.2Advance payments for acquisition of aircraft
Prepayments for the acquisition of aircraft during the manufacturing phase are recorded in fixed assets and are recognized when such amounts are paid.
15.2Breakdown of property and equipment
DescriptionWeighted average rate (p.a.)December 31,
2024		AcquisitionsWrite-offs
Transfers (b)
December 31,
2025
Cost
Aircraft parts and equipment (a)
2,237,723 298,601 (83,982)— 2,452,342 
Non‑aircraft equipment (a)108,152 3,084 (4,040)— 107,196 
Aircraft, engines and simulators384,282 170,126 (256,176)3,502 301,734 
Improvements 660,624 80,132 (96,709)6,358 650,405 
Maintenance85,157 — (52,175)— 32,982 
Others28,502 585 (2)— 29,085 
Construction in progress
59,314 10,924 (14,029)(3,502)52,707 
Advance payments for acquisition of aircraft
1,036,374 105,279 (256,465)— 885,188 
4,600,128 668,731 (763,578)6,358 4,511,639 
Depreciation
Aircraft parts and equipment (a)
9 %(974,169)(207,376)13,306 — (1,168,239)
Non‑aircraft equipment (a)10 %(63,287)(11,210)614 — (73,883)
Aircraft, engines and simulators6 %(246,405)(23,073)70,424 — (199,054)
Improvements 10 %(233,508)(65,280)46,864 — (251,924)
Maintenance11 %(26,031)(8,972)13,025 — (21,978)
Others7 %(22,174)(2,090)2 — (24,262)
(1,565,574)(318,001)144,235 — (1,739,340)
Property and equipment3,034,554 350,730 (619,343)6,358 2,772,299 
(a)Such balances refer to the “Maintenance materials and parts” and “Equipment” lines disclosed on December 31, 2024.
(b)The transfer balances are between the groups “Inventories” and “Other assets".
DescriptionWeighted average rate (p.a.)December 31,
2023		AcquisitionsWrite-offs
Transfers (a)
December 31,
2024
Cost
Maintenance materials and parts2,036,144 332,469 (191,944)(43,654)2,133,015 
Equipments195,810 21,356 (5,124)818 212,860 
Aircraft, engines and simulators593,953 323,056 (533,279)552 384,282 
Improvements
555,412 59,848 (24,445)69,809 660,624 
Maintenance44,016 75,692 (34,551)— 85,157 
Others29,231 2,877 (3,606)— 28,502 
Construction in progress96,095 64,822 (65,582)(36,021)59,314 
Advance payments for acquisition of aircraft298,040 738,334 — — 1,036,374 
3,848,701 1,618,454 (858,531)(8,496)4,600,128 
Depreciation
Maintenance materials and parts8 %(785,204)(164,285)53,518 — (895,971)
Equipments13 %(120,860)(25,310)4,685 — (141,485)
Aircraft, engines and simulators7 %(271,104)(39,385)64,084 — (246,405)
Improvements
12 %(188,987)(68,273)23,752 — (233,508)
Maintenance27 %(19,616)(12,101)5,686 — (26,031)
Others8 %(23,289)(2,482)3,597 — (22,174)
(1,409,060)(311,836)155,322 — (1,565,574)
Property and equipment2,439,641 1,306,618 (703,209)(8,496)3,034,554 
Impairment(143,790)— 143,790 — — 
Total property and equipment, net2,295,851 1,306,618 (559,419)(8,496)3,034,554 

(a)Transfer balances are between the groups “Right-of-use assets” and “Intangible”.