v3.26.1
RELATED-PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure of transactions between related parties [abstract]  
Schedule of Expenses Incurred with Remuneration Paid or Payable
Key management personnel comprise the directors, officers and members of the Executive Committee and directors. Expenses incurred with remuneration and the respective charges, paid or payable, are shown below:
December 31,
Description202520242023
Salaries and benefits75,445 57,743 19,429 
Post-employment benefit620 716 595 
Share-based payment67,615 39,870 63,529 
143,680 98,329 83,553 
Schedule of Transactions Between Related Parties
The operations with Breeze are presented below:
December 31,
CreditorDebtorType of operation
Note
20252024
ALABBreezeMaintenance reservesAccounts receivable — 2,703 
BreezeALABMaintenance reservesOther liabilities — (11,411)
December 31,
RevenuesExpensesType of operation
Note
202520242023
ALABBreezeInterest incurredFinancial income — 1,754 5,824 
The operations with Azorra are presented below:
December 31,
CreditorDebtorType of operationNote20252024
ALABAzorraAccounts receivable Accounts receivable — 118,013 
ALABAzorraMaintenance reserveDeposits15,418 — 
ALABAzorraSecurity depositsDeposits 52,840 46,213 
AzorraALABLeasesLeases (295,954)(473,428)
AzorraAzul InvestmentsLeases – NotesLeases — (96,458)
AzorraAzulLeases – Convertible to equityLeases — (150,441)
December 31,
RevenuesExpensesType of operationNote202520242023
AzorraALABInterest incurredFinancial expense84,548 78,451 17,106