Bangkok Airways IPO targets late October

The listing is aimed at generating additional funds for fleet renovation and infrastructure upgrades.

Bangkok Airways IPO Puttipong Prasarttong-Osoth Securities and Exchange Commission Thailand

Bangkok Airways has filed a submission to the Thai Securities and Exchange Commission (SEC) for an initial public offering (IPO) of just under 25 per cent of the company. 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. The Company is confident of its growth potential and believes future business expansion will put it in a prime position to capitalise on the growth of the aviation industry in Thailand and the region.

Puttipong Prasarttong-Osoth, president of Bangkok Airways Pcl., said “For the past 46 years, Bangkok Airways Pcl. has grown consistently thanks to our unique business structure that covers the integrated aviation business. In addition to the airline business, the Company also owns and operates three airports in Thailand, namely Samui International Airport, Trat Airport and Sukhothai Airport. Moreover, we also offer additional aviation services to other airlines at Suvarnabhumi International Airport through our subsidiaries Bangkok Air Catering (BAC), which provides meal catering services, Worldwide Flight Services Bangkok Air Ground Handling (BFS), offering ground-handling service, and WFS-PG Cargo (BFS Cargo), providing international cargo service.”