v3.26.1
COMMITMENTS (Tables)
6 Months Ended
Jun. 30, 2026
Capital commitments [abstract]  
Schedule of Aircraft Acquisition
Through agreements with manufacturers and lessors, the Company has undertaken to acquire certain aircraft, as follows:
DescriptionJune 30, 2026 (Unaudited)December 31, 2025
Lessors11 
Manufacturers49 52 
60 61 
Schedule of Financial Disbursements of Contractual Commitments
The amounts reported below are discounted to present value using the weighted discount rate applicable to leases, equivalent to 17.1% (18.4% as of December 31, 2025), and do not necessarily represent cash outflows, as the Company is evaluating obtaining financing to meet such obligations.
DescriptionJune 30, 2026 (Unaudited)December 31, 2025
20261,305,404 1,297,521 
2027678,119 978,011 
2028899,457 836,170 
20292,591,691 2,344,423 
After 20296,308,866 5,419,765 
11,783,537 10,875,890 
Schedule of Letters of Credit
The letters of credit currently used by the Company for the following purposes are described below:
June 30, 2026 (Unaudited)December 31, 2025
DescriptionR$US$ R$US$
Security deposits and maintenance reserve and others25,684 4,961 50,816 9,235 
25,684 4,961 50,816 9,235