AB Airlines is planning a listing on London's Alternative Investment Market (AIM) early in 1998 to fund an expansion of its network and fleet renewal.

The Stansted, UK-based airline is negotiating the acquisition of four new Boeing 737-300s, configured with two-class cabins, in January 1998 to replace its fleet of three BAC One-Eleven 500s, leased from European Aviation.

AB Airlines (formerly Air Bristol) flies scheduled services from London Gatwick to Lisbon, Portugal, and Shannon, Ireland. It plans to add a Shannon-Stansted service in 1998. The airline also operates the British Aerospace airbridge between the Airbus plants in Bristol and Toulouse.

"We are seeking to raise £12.5 million [$20 million] to fund our expansion, and will be operating twice as many services in a year's time," says the airline.

Source: Flight International