Airline IPOs: Hopes still alive for some

Investing in airlines continues to be a risky business, as is conducting an IPO, given the current market and financial conditions. Many full service carriers have this year moved to shore up their balance sheets by a mixture of institutional capital raisings and stock issuances, as well as securing reasonably inexpensive debt. This is hardly an environment for attracting investors to major public offerings. But some are still talking the talk. [2851 words]

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This report contains the following subheadings:

• JuneYao considering launching an IPO
• Pegasus Airlines aiming for 2H2010 IPO 
• Porter Airlines considering IPO 
• StarFlyer preparing for IPO
• Air India targeting IPO in 2011 or 2012
• Part-privatisation again on the agenda for Garuda Indonesia
• Kuwait National Airways to be privatised within six months
• An IPO for Qatar Airways by 2012?
• A new direction for Saudi Arabian Airlines' privatisation?
• …but some carriers pushing back their IPO plans
• AirAsia X IPO plans no longer an immediate priority
• Cebu Pacific IPO deferred again, but fleet expansion programme on track 
• Qantas Group indefinitely suspends frequent flyer business IPO plans 
• Spring Airlines defers IPO by at least one year

This report contains the following charts and tables:

• Private Airlines planning IPOs
• StarFlyer FY2009 Forecast
• Government-owned airlines planning IPOs
• Asia Pacific airlines postponing IPOs