30-Nov-2009 12:37 PM

Flybe reportedly planning an IPO in 2010

Flybe is reportedly planning an IPO in London in 2010 (Sunday Times, 29-Nov-2009). The Exeter-based airline, which has twice delayed its IPO plans, is expected to be valued at approximately GBP300 million. Merrill Lynch, the airline’s long-standing adviser, has reportedly been instructed to prepare for a listing in 2010, which is likely to be held after the airline’s 2009 financial results are published in Mar-2010.