Enter Air (E4, Warsaw Chopin) has revived plans to go public after weak market conditions attributed to the Greek economic crisis forced it to withdraw from a third-quarter IPO on the Warsaw Stock Exchange.
Poland's Financial Supervision Authority (Komisja Nadzoru Finansowego - KNF) said in a statement that the carrier filed a new prospectus which has now been approved. No dates or valuations were disclosed.
Under previous plans, Enter Air had planned to raise up to PLN110 million (USD29.76 million) through the sale of a 39.9% stake in the carrier. Funds were to have gone towards the purchase of the two B737-800s and two B737 MAX 8s ordered from Boeing (BOE, Washington National) at this year's Paris Air Show.
Enter Air specializes in charter flights between Poland and leisure destinations in the Mediterranean using a fleet of eight B737-400s and nine B737-800s.
