Western Australian carrier Skywest Airlines is set to be listed on the Australian Stock Exchange (ASX) on 7 December, with hopes of improving its shares' liquidity as the bulk of its operations are in Australia.
The ASX has proposed 7 December for the listing, says Skywest. Aside from improving liquidity, the carrier hopes the listing will increase the level of Australian investment in its shares, possibly helping it obtain an Australian international airline licence.
Skywest is already listed on the London stock exchange's AIM market. Singapore company CaptiveVision Capital gained control of Skywest in late 2004 following a hostile take-over. It then had Skywest delisted from the ASX.
Skywest is based in Perth and operates scheduled and charter passenger services using Fokker 50s and Fokker 100s.
Source: Air Transport Intelligence news