Flybe to float on the stock exchange

Europe's largest regional airline, Flybe, hopes to achieve a valuation of £200m when it floats on the stock market in December. Flybe, which is 15 per cent owned by British Airways, says it will raise £60m through the flotation, which it will use to add to its fleet of aircraft and fund acquisition opportunities.

Flybe’s CEO Jim French said: "We are delighted to bring Flybe to the market. The company has come a long way in a short time, from its origins as a provincial carrier to being one of Europe's leading regional airlines.

"A listing will assist Flybe in achieving the next stage in its exciting strategy for growth. We look forward to welcoming new shareholders on board for the next leg of our journey."

Read a full report at the Guardian. ·