PROPERTY AND EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2026

Property, plant and equipment [abstract]

Schedule of Property, Plant and Equipment


Description						Weighted average rate (p.a.)						December 31, 2025						Additions						Write-offs						Transfers						June 30, 2026 (Unaudited)

Cost
Aircraft parts and equipment												2,452,342						123,328						(19,270)						—						2,556,400
Non‑aircraft equipment												107,196						6,344						—						—						113,540
Aircraft, engines and simulators												301,734						60,243						(57,821)						—						304,156
Improvements												650,405						9,732						(63,704)						—						596,433
Maintenance												32,982						36,177						—						—						69,159
Others												29,085						50						—						—						29,135
Construction in progress												52,707						12,748						—						—						65,455
Advance payments for acquisition of aircraft												885,188						39,286						(331,754)						(29,352)						563,368

												4,511,639						287,908						(472,549)						(29,352)						4,297,646

Depreciation
Aircraft parts and equipment						8%						(1,168,239)						(100,899)						11,293						—						(1,257,845)
Non‑aircraft equipment						10%						(73,883)						(5,521)						—						—						(79,404)
Aircraft, engines and simulators						7%						(199,054)						(10,846)						2,931						—						(206,969)
Improvements						8%						(251,924)						(26,019)						22,349						—						(255,594)
Maintenance						17%						(21,978)						(2,782)						—						—						(24,760)
Others						5%						(24,262)						(746)						—						—						(25,008)

												(1,739,340)						(146,813)						36,573						—						(1,849,580)

Total property and equipment, net												2,772,299						141,095						(435,976)						(29,352)						2,448,066