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Spanish airline Volotea commissions Morgan Stanley and Barclays to prepare its IPO

A Volotea Airlines Airbus A319-100 is seen at Nantes-Atlantique Airport in Bouguenais near Nantes, France, on April 4, 2019. REUTERS/Stephane Mahe/File Photo Acquire License Rights

MADRID, Sept 18 (Reuters) – Spanish airline Volotea has hired investment banks Morgan Stanley and Barclays to prepare a possible listing of its shares on the Madrid Stock Exchange, Expansion newspaper reported on Monday, citing unidentified market sources.

The decision to list the shares has not yet been made, the newspaper said, but management wants to be ready if a market opportunity arises.

Volotea, a low-cost airline that connects medium-sized cities mainly in Spain, France, Italy, Greece and Germany, told Reuters that the two investment banks were its regular advisers.

“An IPO is a natural step that we have always considered, but we will announce it when it occurs, as we have always said,” a company spokeswoman said.

Barclays declined to comment and Morgan Stanley did not respond to requests for comment.

Reporting by Inti Landauro, Editing by Louise Heavens, Kirsten Donovan

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