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Posted: 13 Mar 2012 | 6:00 am
Low-cost airline Thai Air Asia have announced plans for an IPO (initial public offering) in the second quarter of this year.
The offering is expected to raise up to USD200 million and will be used to fund the purchase of additional aircraft and expand existing operations.
Malaysia's parent company AirAsia holds a 49% stake in the Thai company.
Asia Aviation under Tassapon Bijleveld control a 51% interest.
Originally the stake included Thaksin Shinawatra's Shin Corp which was later acquired by Singapore's Temask Holdings. This was later bought over by Asia Aviation.
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:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
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