Porter Airlines News
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Porter Airlines Inc. will consider selling aircraft-backed debt to pay for CSeries planes from Bombardier Inc., a purchase that marks the carrier’s first foray into jet travel, said Chief Executive Officer Robert Deluce.
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Porter Airlines Inc.’s bid to more than double the reach of its network hinges on winning over governments in Toronto and Ottawa amid potentially fierce opposition from local residents in its hometown.
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Porter Airlines Inc., the Canadian carrier that now flies only turboprops, plans to add its first jets to start long-haul flights in an expanded challenge to Air Canada and WestJet Airlines Ltd.
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Canadian stocks rose for a third day, the longest winning streak in a month, as energy producers and banks advanced amid higher-than-forecast Chinese imports.
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WestJet Airlines Ltd. is bidding to pry passengers from Air Canada in the C$2 billion ($1.92 billion) cross-border business travel market by returning to New York’s LaGuardia Airport.
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Canadian fund manager David Baskin says Porter Airlines is a great carrier. He’s not sure it will be a great stock to own following its initial public offering.
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Porter Aviation Holdings Inc. is seeking an equity valuation of about C$400 million ($389 million) in its initial public offering, the Globe and Mail reported.
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Porter Aviation Holdings Inc., the owner of a Canadian airline formed in 2006, plans to raise as much as C$140 million ($136 million) in its initial public offering, according to sale documents sent to investors.
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Porter Aviation Holdings Inc., the owner of a Toronto-based airline formed in 2006, plans to use proceeds from an initial public offering to expand, anticipating a rebound in passenger traffic as the economy recovers.
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WestJet Airlines Ltd.’s proposed regional unit would tap a $1.98 billion market by using turboprop planes to serve airports with runways too small for the company’s Boeing Co. jets, its finance chief said.
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