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Market Rumors: Azul, Taikang Life, GlaxoSmithKline

By Chelsea Naso (January 16, 2015, 4:37 PM EST) -- Azul SA, Brazil's third largest airline by passenger volume, has again postponed its initial public offering because of unfavorable market conditions, the Wall Street Journal reported Friday, citing a person familiar with the matter. This is the third time that Azul has postponed its IPO plans since 2013, the report said. Banco Santander, Morgan Stanley, Itau BBA, Goldman Sachs, BB Investimentos, Banco Pine and Deutsche Bank were tapped to run the offering. Azul plans to use the proceeds from the debut to buy more jets, pay down debt and finance its working capital....

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