Porter Airlines CEO Sees Potential Path to IPO Within Five Years

The top executive of Canada’s Porter Airlinessaid he sees “a future potential path” to an initial public offering within five years, a move that would revive earlier ambitions of listing on public markets.

“I don’t think it’s a next year, or this year, type item,” Chief Executive Officer Michael Deluce said Thursday in an interview at Bloomberg’s Toronto bureau. “It could be in the two- to five-year range.”

Michael Deluce speaks with reporters at Bloomberg’s Toronto bureau

Photographer: Doug Alexander/Bloomberg

Deluce’s comments come nearly 14 years after Porter Airlines tested the waters for an IPO before pulling back on the plans. Porter soughtto raise about C$120 million from a ...