flybe to list on London exchange; sights set on further European growth

flybe, Europe’s largest regional airline and the UK’s largest domestic airline, announced its much-awaited and delayed plans to list on the London Stock Exchange (FLYB.LN) following an IPO to finance its fleet expansion and acquisition strategy. The offer is expected to raise GBP60 million, which is generally less than expected, valuing the carrier at an estimated GBP200 million. [2020 words]

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This report contains the following subheadings:

• British Airways to maintain 15% shareholding
• Proceeds to fund fleet expansion and pursue strategic arrangements
• To maintain regional carrier model
• flybe: One of three major European airlines to report profit during recession
• flybe sets sights on further European growth

This report contains the following charts and tables:

• flybe airline partners
• flybe in service and on order fleet
• flybe financial highlights for 12 months ended Mar-2010