The French government's revival of plans to float Snecma, the state-owned jet engine manufacturer, builds on the strong start in the European initial public offering (IPO) market this year for Credit Suisse First Boston (CSFB).

CSFB and Crédit Lyonnais won the mandate for the Snecma flotation three years ago. Crédit Lyonnais has since been bought by Crédit Agricole Indosuez and bank renamed Calyon.