South Korean budget airline Jin Air says it plans to go public by the end of this year.
It will file an initial public offering this year and has instructed Mirae Asset Daewoo Co to manage it.
Funds gained from the listing on South Korea’s main stock exchange would go toward improving its financial health and for expansion.
It plans to expand its fleet to 30 aircraft by next year and beef up its network to 55 routes from a current 36, it said.
Analysts say the IPO could raise up to 700 billion won (about $600 million).
However, airline stocks have been steadily losing steam since China began restricting China tour groups from travelling to South Korea due to tensions over the installation of a controversial missile defence system.
Jin Air is the budget unit of Korean Air and owned by a subsidiary of the national flag carrier.
