Flybe confirmed Tuesday it will proceed with its long-awaited IPO and said its base offer is about £60 million ($93.5 million) in new shares. Flybe said it intends to use the new shares to fund its planned fleet expansion and to further strengthen its cash position “providing strategic flexibility to pursue additional growth opportunities (such as the expansion of codeshare arrangements, strategic arrangements with other European airlines and targeted acquisitions) should such ...

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