In the middle of the biggest aviation crisis in decades, the supplier Montana Aerospace is aiming for an IPO on the Swiss SIX. The company intends to use the proceeds from the transaction to finance acquisitions in the sector that is facing consolidation.

As part of the transaction organized by Berenberg, Zürcher Kantonalbank and Commerzbank, the company wants to collect 400 million euros from investors in the second quarter of the current year. That reports the ORF. The money is to be used, among other things, for future “organic and smart inorganic growth”. According to its own information, the company employs 4.800 people at 28 locations on four continents. Montana Aerospace supplies aircraft manufacturers Airbus and Boeing with components made of aluminum, titanium, steel and copper.