3-Mar-2011 1:13 PM

Porter Airlines to revisit possible IPO

Porter Airlines announced plans to explore a possible IPO or to seek financing from private equity and institutional investors in Mar-2011 (Globe and Mail, 01-Mar-2011). In Apr-2010 Porter attempted to raise USD120 million through an IPO but postponed the offering after a muted reception from investors. Porter CEO Robert Deluce stated this time around the chances are better as the economy has rebounded and travel demand is up.

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