FlyBE Chairman Jim French said the group expects to post an operating profit of about £10 million ($17.7 million), its first in five years, for the year ended March 2005 compared to an operating loss of £9.8 million in the previous year. Pre-tax profit should come in at £8 million, up from £2.9 million. The airline appointed Dresdner Kleinwort Wasserstein as financial adviser to lead a possible IPO late next year or in 2007, the Financial Times reported. The UK ...

Subscribe to Access this Entire Article

"Other News - 12/16/2005" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.