Press: Air Berlin IPO set for May

Air Berlin has accelerated its plans to go public to take advantage of current strong demand for share offerings, the Financial Times reported, citing its sister paper FT Deutschland. Germany’s second-largest air carrier now plans to list in Frankfurt in May, the newspaper said.

The group wants to place 50 pct of its capital on the market, raising 600-900 mln eur, with more than half of the revenue to be reinvested in the group and the rest to be given to shareholders, it said.

Analysts will begin to sound out selected investors this week and the roadshow could begin as early as two weeks from now, the FT said.