Pegasus IPO Back On Track

Several months after its order for 100 A320-family aircraft, Turkish budget carrier Pegasus is readying itself for a public listing. The airline has applied to the Istanbul Stock Exchange to list 31 per cent of its stock, which should begin trading in 2Q 2013. Pegasus, which posted a $69m profit last year, originally planned to go public in 2010, but delayed its IPO due to weak investor interest.

TAGS: Airlines
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