ID :
166316
Mon, 03/07/2011 - 15:02
Auther :
Shortlink :
https://oananews.org//node/166316
The shortlink copeid
THAI AIRASIA TO RAISE US$150 MLN VIA IPO
KUALA LUMPUR, March 7 (Bernama) -- Thai AirAsia Company Ltd aims to raise at least US$150 million from its initial public offering (IPO) to further strengthen its capital structure to support future operations, including the acquisition of additional aircraft.
"We are looking at raising at least US$150 million from the offering.
Following the strong performance in 2010, we are confident that this is the right time to access the capital markets for further expansion," its chief executive officer, Tassapon Bijleveld said in a statement here Monday.
The shares are expected to be listed and quoted on the Stock Exchange of Thailand before the end of this year.
Thai AirAsia has appointed Credit Suisse Securities (Thailand) Ltd, CIMB Securities (Thailand) Ltd and Thanachart Securities Public Co.,Ltd as their joint lead underwriters for the exercise.
The airline recorded a total revenue of 12.4 billion baht in 2010, an increase by 33 per cent compared to the previous year and
a strong increase in profit after tax of THB2.846 billion.
Load factor was at 78 per cent with passenger volume growth of 16 per cent over 2009. The airline carried a total of 5.8 million passengers last year, making it the largest low cost carrier in the country.
Ancillary income also contributed significantly to the airline's bottomline.
"We will take more deliveries of brand-new A320 aircraft this year to add to our current fleet strength of 20 aircraft. We aim to grow to at least 40 aircraft in the medium term," Tassapon said.
"We are looking at raising at least US$150 million from the offering.
Following the strong performance in 2010, we are confident that this is the right time to access the capital markets for further expansion," its chief executive officer, Tassapon Bijleveld said in a statement here Monday.
The shares are expected to be listed and quoted on the Stock Exchange of Thailand before the end of this year.
Thai AirAsia has appointed Credit Suisse Securities (Thailand) Ltd, CIMB Securities (Thailand) Ltd and Thanachart Securities Public Co.,Ltd as their joint lead underwriters for the exercise.
The airline recorded a total revenue of 12.4 billion baht in 2010, an increase by 33 per cent compared to the previous year and
a strong increase in profit after tax of THB2.846 billion.
Load factor was at 78 per cent with passenger volume growth of 16 per cent over 2009. The airline carried a total of 5.8 million passengers last year, making it the largest low cost carrier in the country.
Ancillary income also contributed significantly to the airline's bottomline.
"We will take more deliveries of brand-new A320 aircraft this year to add to our current fleet strength of 20 aircraft. We aim to grow to at least 40 aircraft in the medium term," Tassapon said.
