PR Newswire:
Knight Express Airlines Prices Initial Public Offering at $145.36/share.
NEW YORK, December 4, 2013 /PRNewswire/ -- Knight Express Airlines ("KEA") announced today that its initial public offering of 26,189 shares of its Class A common stock priced at $145.36 per share. The shares are expected to begin trading on The New York Stock Exchange on Friday, December 6, 2013, under the symbol "KEA."
Airlinesim acted as lead managing underwriter.
A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on December 4, 2013. The offering is being made solely by means of a prospectus which may be obtained from:
Lipscomb407
Any further details of investment? e.g. What will be done with the revenue generated from the flotation of the company?
Regards
We currently plan to expand our fleet by two planes: Another Embraer 195-AR and another Bombadier 700-ER. The 700-ER will happen some time this week regardless of IPO and is expected to replace the ATR42-500 on its current routes and we plan to cancel the lease on the ATR. The ATR simply does not perform to expectations. Eventually once cash flow allows we plan on adding our first Boeing 737-900 HGW with wingtips to the fleet taking over routes that consistently fill to capacity.
Our long term plan is to fly 3 types of planes:
Boeing 737-900's
Embraer 195's
Bombadier 700's
Management has made the decision to stick to jet aircraft in an attempt to have greater appeal to its customers.
Update: The IPO is now 60% subscribed. So come in now while the stock is still cheap!
Knight Express Airlines (KEA) is now 145.4% subscribed. This may be your last chance to buy into an up an coming opportunity. A couple of months from now this will be a steal.
By outperforming expectations on the IPO we are planning to add our first Boeing 737-900 once we have secured enough cash to safely make the purchase. At 175% subscribed I will be able to add the Boeing immediately. The Bombadier 700ER was added today and will enter service on Sunday. Once the ATR has flown it's last flight on Sunday it will be returned to the lessor and the 700ER will take over the routes.