Thai Airways International aims to raise about 15 billion baht ($475 million) in a public offering and will use some of the money to finance aircraft on order. The Star Alliance carrier will issue up to one billion new shares to new investors and existing shareholders, says Thai VP of Investor Relations, Raj Tanta-nanta. The Ministry of Finance has a 51% stake in the flag carrier and has said it will pay 7.5 billion baht ($237 million) to maintain its stake, says Raj. Based on that ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must be a paid subscriber to access "Thai Aims To Raise $475 Million In Public Offering To Help Finance Aircraft".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.