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  Volume: XXII, Issue No. 19 May 16-31, 2013  
     
 
   
 
   
  AVIATION
  Bangkok Air plans to offload 40pc shares
 
 
  Untitled Document
_A Monitor Report
Bangkok : Bangkok Air-ways, which calls itself "Asia's boutique airline," plans to offer initial public offering (IPO).
The airline is likely to offer up to a 40 per cent stock to help raise more funds for growth, specifically fleet expansion and construction of new hangars at its Suvarnabhumi airport hub, said President Puttipong Prasarttong Osoth.
Bangkok Airways firmed up plans to raise 10 billion baht in March to consolidate its position as Thailand's leading regional airline.
"We want to grow our equity base (through the IPO), with new partners and investors becoming part of the airline, and expand for the future in a way that the existing family-owned structure does not accommodate," Capt Putti-pong said. Bangkok Airways is readying itself to comply with the Securities and Exchange Commission's listing rules and ensure a successful IPO launch, he said.
   
 
 
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