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5-Feb-2010 11:21 AM

Thai AirAsia considering fund-raising options, possible IPO

Thai AirAsia CEO, Tassapon Bijleveld, stated the carrier is considering various options to raise new capital, including listing shares on the Thai stock exchange, or the issue of new shares to investors, to finance expansion plans (The Nation, 05-Feb-2010).  

Thai AirAsia: "We're planning to expand our aviation business. So far, we don't know how large an investment budget we need, but we have to study many ways of mobilising funds to prepare ourselves. To list in the Stock Exchange of Thailand is one of the solutions. Our parent company - AirAsia [of Malaysia] - will have a dual listing in the SET [and Kuala Lumpur], but it's not necessary for us to follow them [into the SET]," Tassapon Bijleveld, CEO. Source: The Nation, 05-Feb-2010.

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