19-Apr-2010 1:06 PM

Porter Airlines to launch IPO

Porter Aviation Holdings, owner of Porter Airlines, announced plans to launch a CAD80-120 million Initial Public Offering (IPO) in 2010 (Globe and Mail, 16-Apr-2010). Proceeds from the IPO will be used to purchase additional aircraft for the carrier’s expansion plans with the carrier to purchase two more Bombardier Q400 turboprops in Apr-2010 to boost its fleet to 20. No further information was released.