French regional airline Brit Air has floated 37% of its shares with the aim of raising around Fr150 million ($25 million) to help finance its new franchise operations for Air France. Under a deal signed in October, Brit Air will operate franchise services on 32 domestic routes. It is also re-equipping its fleet with Bombardier Canadair Regional Jets, but has a debt of Fr1.28 billion. The airline expects to secure a new technical equity partner, tipped as Air France Industries.
Source: Flight International
