Enter Air looks to raise more money for two Boeing 737s

Charter airline Enter Air has filed a prospectus with the Financial Supervision Authority (KNF) for a rights issue of 2.3 million shares. The company hopes to raise PLN 60 million for the acquisition of two Boeing 737-8 MAX planes, which will join the firm’s fleet in Q4 2018. The new shares will comprise 11.6 percent of the entire share capital. At the end of 2015, Enter Air conducted its IPO raising nearly PLN 100 million, which was used to make down payments on the two planes. Enter Air offers charter flights to over 30 countries.