Avibras appreciates the latest manifestations of recognition of its strategic importance for the sovereignty of Brazil. The company is strongly committed to ensuring its recovery, facing the challenges and difficulties of the moment with the support, resilience and engagement of its employees.

After almost two years of the COVID-19 pandemic, undoubtedly the worst health crisis in recent human history, the company requested Judicial Recovery, a measure that helps companies in their economic and financial restructuring. Even with the conditions imposed by the pandemic, Avibras maintained its operations and preserved as many jobs as possible, however, the company could not minimize the impacts of the crisis on its business. Parallel to the Judicial Recovery process, the company remains focused on sales both in Brazil and abroad. The Brazilian government is also mobilized to actively support the company in its recovery initiatives.

Avibras is seeking to increase its capital through direct investments of strategic companies and the government closely monitors the evolution of this process, which is complex and confidential. There are several potential investors, yet no transaction has taken place so far. In the search for new investors, the priority of Avibras and the Brazilian government is to maintain the company's operations in Brazil together with its human, physical and intellectual capital, thus preserving its history of achievements built over six decades.

Avibras reinforces its engagement and commitment to recovery and to its employees, partners and customers. The company is confident that it will overcome all challenges and soon will resume its growth with work, innovation and creativity.

Public Relations

March 31, 2023