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Posted: 29 Sep 2011 | 6:00 am
Thai carrier Bangkok Airways is looking at the possibility to offer an IPO according to media comments by the founder Dr. Prasert Prasartthong-osoth.
The move appears to be sound given a strong balance sheet and control of the highly profitable Samui airport and accompanying airlift to the resort island.
A public offering would assist in gearing up capital to further expand into the regional market and budget airline business.
Expectations are for the group to post nearly a THB900 million profit on operation this year.
News of the possible restructuring will disappoint tourism players in Koh Samui who were hoping for a lighting of restrictions to other carriers to the island.
Financial observers are quick to point out that a lead up to an IPO will track a bottom line focus by the airline, which is hardly an incentive to liberalize landing slots to competitors
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
While John Hardy and his Ubud Green School and Green Village have been at the groundswell of sustainable building materials, the area has sprouted other pioneering initiatives.
While we hope for the best that Phuket's new airport expansion will have some green focus, it's encouraging to view Singapore's Changi as setting a global standard.
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