RIO DE JANEIRO — Azul Linhas Aéreas Brasileiras, the Brazilian airline company started by the JetBlue founder David Neeleman, was cleared late Friday by the CVM, Brazil’s securities regulator, to proceed with an initial public offering.

The offering had been suspended by the Brazilian regulator on Thursday, just as the company was planning to price its shares. The regulator cited Azul’s use of marketing material for the offering that had not been approved.

But the regulator said late Friday that the company had now satisfactorily addressed its concerns, including removing a presentation from a website.

Azul expects to finalize pricing on Monday. Its shares will trade in São Paulo and on the New York Stock Exchange.