Bangkok Airways has announced plans to offload a 30% stake (730 million new shares) via an initial public offering (IPO) on the Bangkok bourse next month.
The airline is owned by Prasert Prasarttong-Osoth (92.31%), Sahakol Estate (4.3%), Bangkok Dusit Medical Services (1.2%) and other private shareholders (2.19%).
The carrier intends to use the funds raised to support its growth plan including a new MRO hangar, an IT system upgrade as well as a fleet upgrade initiative that will see ten more aircraft join the fleet in the next four to five years.