Key management personnel comprise the board members, the Executive Committee members and the officers. Expenses incurred and the respective charges, paid or payable, are as follows:


	Three-month periods ended		Six-month periods ended
Description	June 30, 2026 (Unaudited)	June 30, 2025 (Unaudited)	June 30, 2026 (Unaudited)	June 30, 2025 (Unaudited)

Salaries and benefits	8,292	7,799	18,165	16,562
Post-employment benefit	174	174	348	348
Share-based incentive	20,100	56,957	80,885	68,219

	28,566	64,930	99,398	85,129

The share-based incentive plan considers the stock option plan, RSUs and phantom shares.

In August 2022, the Company entered into aircraft and engine sale and leaseback agreements with entities of the Azorra Aviation Holdings LLC group (“Azorra”), which became a related party following the election of a member of the Company’s Board of Directors as a member of Azorra’s Board of Directors. The transactions with Azorra are presented below:

Creditor

Debtor

Type of operation

June 30, 2026 (Unaudited)

December 31, 2025

ALAB

Azorra

Maintenance reserve

51,901

15,418

ALAB

Azorra

Security deposits

49,711

52,840

Azorra

ALAB

Leases

(462,611)

(295,954)

Six-month periods ended

Revenue

Expense

Type of operation

June 30, 2026 (Unaudited)

December 31, 2025

Azorra

ALAB

Interest incurred

12,897

57,615

No significant variations in other transactions with related parties were identified for the period ended June 30, 2026, compared with the balances and transactions as of December 31, 2025.