Information reaches these offices that Airbus will announce the A330Neo at Farnborough and with it a number of initial orders including a rumoured order from Intrepid if terms can be finalised over the next few days. Meanwhile yet another IPO has been pulled, this time David Neeleman’s Azul, Brazil’s third-largest airline withdrew its plans for an initial public offering (IPO) yesterday. Azul had filed for a $100m IPO in May 2013 with hopes that in the event this figure would have been at least doubled. The question is whether Azul needed to go through with the IPO in any case?

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