Airwork launches on market

Auckland based Airwork has launched an IPO with the aim to list on the NZX by December

Aircraft leasing and maintenance company Airwork has launched an initial public share offer to raise up to $40 million and float on the stock exchange.
The Auckland company is offering up to 15.4 million new shares at $2.60 per share and expects to begin trading on the NZX main board by December 19 if the minimum amount of $30m is raised, according to a prospectus issued yesterday.

Airwork operates an engineering arm, a helicopter arm as well as a fleet of aircraft (F27, B733F, B734F, SWM) flying on behalf of New Zealand Post in NZ and Toll Priority in Australia.

Read more on their float from stuff.co.nz's Business Day HERE

Airwork NZ's Fokker F27 ZK-PAX seen at NZWB ©nzompilot