Thai AirAsia IPO To Double Fleet Size

 

The impending listing of Asia Aviation, a holding company that owns 51 percent of Thai AirAsia (TAA), on the Stock Exchange of Thailand will help raise the proceeds to double TAA’s fleet size and grow its network, according to a report in The Edge Financial Daily.

The Asia Aviation IPOs is expected to take place in July.

Media reports, quoting a filing with the Thai Securities and Exchange Commission, said the company may raise MYR460.5 million ringgit (USD$150 million) from the issuance of 750 million new shares representing a 15.46 percent stake.

(Reuters)



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