Enter Air (E4, Warsaw Chopin) has now set a December 14 date for its planned debut on the Warsaw Stock Exchange. Though it was forced to scrap earlier plans for an IPO during the third quarter of the year, the Polish carrier has left its offering untouched and is still looking to raise up to PLN110 million (USD27.28 million) through the sale of 7 million newly issued shares or up to 39.9% of increased share capital.

In terms of allotment, Enter Air says that individual investors will be offered up to 1 million shares (approx. 15% of all shares on offer), while institutional investors will be offered 5.9 million shares (approx. 83.5%). The remaining 100,000 shares (approx. 1.5%) will be offered to firms.

Funds raised will go towards the financing of advance payments for six new aircraft (as opposed to the four previously announced) including two B737-800s and four B737 MAX 8s.

On the back of rising demand, the carrier has posted a 5% jump in year-on-year revenues to PLN648.5 million (USD160.8 million) with a net profit of PLN33 million (USD8.2 million) expected for the current financial year.