Skyscanner, the flight comparison website, has made tech entrepreneur Ray Nolan its chairman as it considers future options, including a stock market flotation.
By Amanda Andrews
Published: 6:30AM BST 25 Oct 2010
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Mr Nolan, the Irish entrepreneur behind accommodation booking site HostelWorld.com, said Skyscanner was "well-positioned as a growth company" and that a float, part sale or major acquisition could all be possibilities.
In the near term, Mr Nolan will play an advisory role as the company prepares to expand into new markets. Its website currently hosts over 10m users a month.
Mr Nolan led Hostelworld.com-owner Web Reservations International to a $340m (£218m) sale. Both Mr Nolan and U2 manager Paul McGuinness, an investor in the company, are understood to have profited considerably.
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