LONDON (AP) - British regional airline Flybe says it plans to raise 60 million pounds ($93.2 million) in new shares in a float on the London Stock Exchange.
Flybe - Britain's largest domestic airline - said Tuesday that half the net proceeds will be used to expand its fleet of aircraft.
British Airways PLC, which holds 15 percent of Flybe, has said it intends to maintain its share after the listing.
Flybe specializes in short flights across Britain, using smaller aircraft than other airlines. It has codeshare arrangements with BA and Air France that give it around 7.2 million passengers across 215 routes.