10-Sep-2009 12:50 PM
WestJet seeking to raise USD160 million share issue; AirArabia to launch LCC in Egypt
Analysis
WestJet's shares were down 2.5% yesterday, before trading was halted prior to the carrier's announcement that it plans to raise up to CAD172.5 million (USD160 million) in a share issue to help it finance aircraft purchases and for other capital spending.
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