TransAsia expects to introduce a new investor ahead of listing in Oct/Nov-2011

TransAsia Airways Corp Chairman Vincent Lin stated the company expects to introduce an unnamed strategic investor before its primary listing on the Taiwan Stock Exchange Corp, scheduled for Oct-2011 or Nov-2011 (Taipei Times, 13-Aug-2011). The carrier plans to raise around TWD1.2 billion (USD41.37 million) or 100 million shares, in private equity capital, Mr Lin said. The Chairman added that he expects earnings in the airline sector, including TransAsia, to grow in the second half of the year, compared with the first half, as oil prices decline and amid strong seasonal demand.

TransAsia Airways: "The investor will be a company with business experience of international airlines and which will therefore be able to help boost TransAsia technically and operationally," Vincent Lin, Chairman. Source: Taipei Times, 13-Aug-2011.