Porter Airlines eyeing IPO in medium term, CE says
The CE of Porter Airlines said Wednesday he would consider taking the carrier public in the medium term, as a strategy to support the company’s broader growth plans. “I think an IPO is something that probably makes sense in the mid-term,” said Porter CE, who did not specify an exact number of years. “Even though we don’t require additional funding now, in the future ... it would be an additional opportunity for us to consider our growth path.” Deluce said Porter has no debt, was profitable last year and is on track to be profitable this year. Porter considered an IPO 6 years ago, but held back from taking the company public because of weak market conditions. Deluce said Porter will announce some of its growth plans by year’s end. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-06-16/unaligned/porter-airlines-eyeing-ipo-in-medium-term-ce-says
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Porter Airlines eyeing IPO in medium term, CE says
The CE of Porter Airlines said Wednesday he would consider taking the carrier public in the medium term, as a strategy to support the company’s broader growth plans. “I think an IPO is something that probably makes sense in the mid-term,” said Porter CE, who did not specify an exact number of years. “Even though we don’t require additional funding now, in the future ... it would be an additional opportunity for us to consider our growth path.” Deluce said Porter has no debt, was profitable last year and is on track to be profitable this year. Porter considered an IPO 6 years ago, but held back from taking the company public because of weak market conditions. Deluce said Porter will announce some of its growth plans by year’s end. <br/>
