Flybe and an IPO

FLYBE says that in spite of recent newspaper reports it has no intention of an IPO (initial public offering) at the present time.  A very senior company source said that whilst it was in the pending tray no date has been set for a stock market listing but that was clearly a future intention.  The airline is owned by Rosedale Aviation Holdings – essentially the Jack Walker trust (69%), Flybe staff (16%) and British Airways (15%) as a consequence of the acquisition of  BA Connect.  It currently operates around 70 aircraft including 14 Embraer 195s, the balance Bombardier Q400s with more to arrive this year.  In Scotland it has signed a franchise agreement with Loganair, that airline’s fleet now in Flybe colours. www.flybe.com

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