Interjet unlikely to roll out IPO in near future

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Mexican low-cost carrier Interjet has indicated that it is unlikely to proceed with an initial public offering (IPO) in the near future, months after it postponed the planned IPO.

The carrier had earlier planned for an IPO on 30 June but subsequently postponed it, citing adverse market conditions.

Interjet's CEO Jose Garza, when asked by FlightglobalPro if the airline is likely to proceed with the IPO this year, said: "2011 is about to end and the volatility has worsened thus it is highly unlikely that a successful IPO could be at hand."

The airline's management is now focused on performing well financially, he added. "Eventually the market will be open for us. Our board clearly is not in a hurry for capital," said Garza.