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SAO PAULO, Feb 1 (Reuters) - Brazilian airline Azul SA may sell its mileage program TudoAzul in a private placement due to a challenging market for initial public offerings (IPOs), according to a Bradesco BBI analyst report citing an interview with Azul's chief financial officer John Rodgerson.
Local rivals Gol Linhas Aereas SA and the TAM unit of Chile-based Latam Airlines Group SA have listed their mileage programs Smiles SA and Multiplus SA in successful IPOs in recent years. (Reporting by Paula Laier; Editing by Chris Reese)