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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:
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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