Azul files for IPO

Saturday, 08 Feb, 2017 0
Brazilian carrier Azul has filed an application for an initial public offering to the New York Stock Exchange.
 
In its latest attempt to go public, it will list on the NYSE with the aim of repaying debt of about $100 million.
 
There was no disclosure on how many shares would be offered but analysts predict it could raise up to $500 million.
 
The airline, led by JetBlue founder David Neeleman, previously filed two IPOs but withdrew due to Brazil’s sluggish economic climate.
 
Azul will list American depositary shares on the NYSE and preferred shares in Brazil, it said.
 


 

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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



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