Continuing the negotiations for the possible acquisition of control of Avibras by a Brazilian investor, representatives of the company and the investor presented an improved and definitive proposal to the São José dos Campos Metalworkers' Union on Thursday, November 28, regarding the payment of labor debts.

The new proposal brings an evolution in the negotiation, meeting the demands presented by the employees and the union, such as:

- Reinstatement of the health plan;

- Payment of the 13th salary for 2024 on December 20, 2024 and the salary for December/24 on December 30, 2024;

- Extension of the social clauses of the Collective Agreement until the 2026 base date; job stability until April 30, 2025, for employees who agree to the agreement (sign the consent form) and effectively return to work for Avibras;

- Commitment to remain in the region for a period of 10 years; in return for a salary readjustment (base date 2024/2025);

- Granting of a bonus of R$4,000.00 per active employee;

- Individual payments of the respective salary balances, 13th salaries and vacations, in 1 to 13 installments, starting in January 2025 (guarantee of a minimum payment of one nominal salary per month, limited to the balance);

- Individual payments of regulatory fines and injunctions, the total amount of which will be equivalent to the correction of the respective salary balances, 13th salaries and vacation arrears by the CDI variation + 2% per year, between the due date of the obligation and the date of the agreement, in two equal and successive installments, the first in February and the second in March 2026.

It's important to note that around 50% of those affected by the agreement will already have their respective balances paid off by the 5th month after the agreement comes into force.

There was no agreement between the parties and the union will forward the proposal for deliberation by the employees at a meeting.

Meetings will also be held with the Lorena Metalworkers' Union and the São Paulo State Engineers' Union for negotiations.

It is essential to emphasize that this is a decisive moment for the resumption of Avibras, which could be made possible by this investor in the event of the deal closing. This is the most realistic and feasible solution in the current scenario, representing a great opportunity to ensure the continuity of operations, preserve jobs and strengthen the confidence of all those involved in the company's future.

Further information on the process will be released in due course.

Press Office

28/11/24