Bangkok Airways details IPO

Thai regional carrier Bangkok Airways has announced its IPO for October. Subscription is expected to open for individual investors around mid-October, while the shares are expected to commence trading in the Stock Exchange of Thailand by the end of October. In addition to its airline business, the company also owns and operates three airports in Thailand, namely Samui International Airport, Trat Airport and Sukhothai Airport. It also owns Bangkok Air Catering, Worldwide Flight Services Bangkok Air Ground Handling, WFS-PG Cargo and a minority stake in Bangkok Dusit Medical Services. The listing will see a quarter of the company’s shares publicly traded, the proceeds of which will be invested in fleet expansion, the renovation of Bankok Airways’ aircraft hangar at Suvarnabhumi International Airport and the renovation of Samui International Airport.

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