Brazilian airline, Azul Linhas Aereas Brasileiras, could announce a $450 million initial public offering (IPO) by next week, according to local media reports. The airline abandoned an IPO in August last year due to the poor performance of the benchmark Ibovespa index. Under this new offering plan, Azul will sell $350 million in primary shares and may offer an additional $100 million in stock in a secondary sale. Before Azul can make any announcement however it must receive approval from the securities regulator CVM on its proposed capital structure.

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