Brazilian regulator clears airline’s initial stock offering

Azul Linhas Aéreas Brasileiras was cleared late Friday by the CVM, Brazil’s securities regulator, to proceed with an initial public offering. The offering had been suspended by the Brazilian regulator Thursday, just as the company was planning to price its shares. The regulator cited Azul’s use of marketing material for the offering that had not been approved. But the regulator said late Friday that the company had now satisfactorily addressed its concerns, including removing a presentation from a website. Azul expects to finalise pricing Monday. Its shares will trade in São Paulo and on the New York Stock Exchange. The market debut comes as Brazil’s market for new stocks is showing signs of life after several dry years. Azul has previously sought many times to go public, dating back to 2013. <br/>