Exhibit 8.1

Subsidiaries of Azul S.A.

The following chart lists each of our subsidiaries which we owned, directly or indirectly, as of the date of this annual report:

Entities						Country of incorporation
Azul Linhas Aéreas Brasileiras S.A. (ALAB)						Brazil
IntelAzul S.A. (formerly Tudo Azul S.A.)						Brazil
Azul Conecta Ltda. (formerly TwoTaxi Aéreo Ltda.) (a)						Brazil
ATS Viagens e Turismo Ltda.						Brazil
Cruzeiro Participações S.A						Brazil
Azul Investments LLP						USA
Azul SOL LLC						USA
Azul Finance LLC						USA
Azul Finance 2 LLC						USA
Blue Sabiá LLC						USA
Canela Investments LLC						USA
Canela Turbo Three LLC						USA
Azul Saíra LLC (b)						USA
ATSVP — Viagens Portugal, Unipessoal LDA (c)						Portugal

(a)Subsidiary acquired on May 14, 2020.

(b)Subsidiary incorporated on December 7, 2020.

(c)Subsidiary acquired in March 2023.

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