Air Berlin's Delayed Takeoff

The German low-cost carrier postponed its planned IPO. Industry watchers -- both skeptics and boosters -- weren't surprised

Discount airlines are soaring in Europe, and investors are eager to get in on the action -- but apparently not at any price. Late on May 4, German low-cost carrier Air Berlin postponed an initial public offering planned for May 5 on the Frankfurt stock exchange, saying it will extend the offer period for share sales until May 10 and start trading the following day.

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