Bangkok Airways plans stock listing
Thailand’s privately owned ’boutique’ carrier Bangkok Airways plans to list at the Stock Exchange of Thailand next year, the company’s president Puttipong Prasarttong-Osoth said.
According to the Bangkok Post, the airline has commissioned Thai investment firm Bualuang Securities to draw up plans for an initial public offering (IPO) in the first quarter of 2013 for up to 40 per cent of the company’s shares. The airline reportedly wants to raise ten billion baht to consolidate its position as Thailand’s leading regional airline and to expand its route network in Southeast Asia.
Bangkok Airways currently operates scheduled services with 18 planes to destinations in Thailand, Cambodia, China, Hong Kong, Laos, Maldives, Myanmar, India and Singapore. Its main base is Bangkok’s Suvarnabhumi Airport. The airline is owned by Thai businessman Prasert Prasarttong-Osoth (92.31 per cent), Sahakol Estate (4.3 per cent), Bangkok Dusit Medical Services (1.2 per cent) and other private shareholders (2.19 per cent). It has around 1,900 employees and also wholly owns subsidiary airline Siem Reap Airlines.
The IPO of Bangkok Airways would be the second one of an airline operator in Thailand after Asia Aviation, the 51 per cent owner of Thai AirAsia, which went public in May 2012. The IPO raised 4.5 billion baht. Stocks went up eight per cent at the launch, but later fell back on par with the IPO price.
[caption id="attachment_3386" align="alignleft" width="300" caption="Bangkok Airways plans to extend its network in Southeast Asia by raising money from an IPO in 2013"][/caption] Thailand's privately owned 'boutique' carrier Bangkok Airways plans to list at the Stock Exchange of Thailand next year, the company's president Puttipong Prasarttong-Osoth said. According to the Bangkok Post, the airline has commissioned Thai investment firm Bualuang Securities to draw up plans for an initial public offering (IPO) in the first quarter of 2013 for up to 40 per cent of the company's shares. The airline reportedly wants to raise ten billion baht to consolidate its position as...
Thailand’s privately owned ’boutique’ carrier Bangkok Airways plans to list at the Stock Exchange of Thailand next year, the company’s president Puttipong Prasarttong-Osoth said.
According to the Bangkok Post, the airline has commissioned Thai investment firm Bualuang Securities to draw up plans for an initial public offering (IPO) in the first quarter of 2013 for up to 40 per cent of the company’s shares. The airline reportedly wants to raise ten billion baht to consolidate its position as Thailand’s leading regional airline and to expand its route network in Southeast Asia.
Bangkok Airways currently operates scheduled services with 18 planes to destinations in Thailand, Cambodia, China, Hong Kong, Laos, Maldives, Myanmar, India and Singapore. Its main base is Bangkok’s Suvarnabhumi Airport. The airline is owned by Thai businessman Prasert Prasarttong-Osoth (92.31 per cent), Sahakol Estate (4.3 per cent), Bangkok Dusit Medical Services (1.2 per cent) and other private shareholders (2.19 per cent). It has around 1,900 employees and also wholly owns subsidiary airline Siem Reap Airlines.
The IPO of Bangkok Airways would be the second one of an airline operator in Thailand after Asia Aviation, the 51 per cent owner of Thai AirAsia, which went public in May 2012. The IPO raised 4.5 billion baht. Stocks went up eight per cent at the launch, but later fell back on par with the IPO price.
