Jersey European revives flotation

Jersey European revives flotation

JERSEY EUROPEAN Airways, the Exeter-based airline owned by Jack Walker (pictured), the former steel baron and current owner of Blackburn Rovers, is back on track for a pounds 100m-plus listing on the stock market next year, after posting profits of pounds 6.1m in the six months to 30 September. Profits were 35 per cent up on the same stage last year and well ahead of the pounds 5.5m total for the whole of 1996/97.

Plans to float the airline, which operates flights to Northern Ireland and France as well as the Channel Islands, were postponed earlier this year after the stock market peaked in July.