Thai AirAsia Going Public
Category: Tourism, Posted:13 Mar 2012 | 06:00 am
Low-cost airline Thai Air Asia have announced plans for an IPO (initial public offering) in the second quarter of this year.
The offering is expected to raise up to USD200 million and will be used to fund the purchase of additional aircraft and expand existing operations.
Malaysia's parent company AirAsia holds a 49% stake in the Thai company.
Asia Aviation under Tassapon Bijleveld control a 51% interest.
Originally the stake included Thaksin Shinawatra's Shin Corp which was later acquired by Singapore's Temask Holdings. This was later bought over by Asia Aviation.
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