14/05/2009 - 10:26

Skywest mulls return to ASX

14/05/2009 - 10:26

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State regional air carrier Skywest Airlines is reportedly considering re-listing on the Australian stock market, nearly three years after it was taken over by Singapore-based Advent Air.

State regional air carrier Skywest Airlines is reportedly considering re-listing on the Australian stock market, nearly three years after it was taken over by Singapore-based Advent Air.

Skywest is currently listed on the Alternative Investment Market (AIM) of the London Stock Exchange.

Chairman Jeff Chatfield is reported as saying in a UK publication the company is committed to AIM but is considering a dual-listing in Australia.

The airline believes a return to the Australian bourse may enable local shareholders to compare Skywest with other ASX-listed airline stocks and help lift liquidity in its shares.

"We continue both to put our shareholders first and to explore avenues to grow our shareholder and investment base," Mr Chatfield said.

"The Company is trading at a low price to earnings ration and we are exploring opportunities, including a duel listing to try and address this".

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