sky update
FAHTHAI
147
If you are impressed with our service, vote for Bangkok Airways as your favourite airline at
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Bangkok Airways Public Company Limited led
by Mr. Puttipong Prasarttong-Osoth, President
recently held a press conference and Public Road
show of their IPO at the Grand Ballroom, Centara
Grand at Central Ladprao hotel. It is expected
the IPO will raise approximately THB11,960 to
THB14,040 million and will be the largest listing
in the Stock Exchange of Thailand in 2014 to date.
The proceeds raised will be used to both
increase Bangkok Airways’ fleet size and replace
existing aircraft, as well as to purchase spare parts
and provisions in relation to fleet adjustment in
accordance with industrial standard. The proceeds
will also contribute to the construction of an
aircraft hangar at Suvarnabhumi International
Airport and for improvements at the Samui
International Airport, and for working capital for
the company’s general business operations.
Mr. Puttipong said “For the past 46 years, the
company has consistently grown in the integrated
aviation business. Bangkok Airways has evolved
into a globally recognised boutique airline that
serves domestic and international routes and
is poised for further expansion. The airline
received the World’s Best Regional Airline and
Best Regional Airline in Asia awards 2014 from
SKYTRAX. But in addition to the airline business,
the company also owns and operates three airports
in Thailand, namely Samui International Airport,
which is our southern hub, Sukhothai Airport
and Trat Airport. Moreover, we offer additional
aviation services to other airlines at Suvarnabhumi
International Airport through our subsidiaries
Bangkok Air Catering, Worldwide Flight Services
Bangkok Air Ground Handling and WFS-PG
Cargo, providing international cargo service.
Lastly, a portion of the company’s revenue also
comes from its 7.83% stake in Bangkok Dusit
Medical Services Public Company Limited. Thanks
to this unique business structure, the company is
equipped with the readiness and potential to thrive
in the aviation and tourism industry not only in
Thailand, but also the Asian region.”
“The capital raising will help to strengthen our
financial capability and support our future growth.
The IPO gives the general public an opportunity
to join us on our journey towards success and
be a part of Bangkok Airways’ future growth,”
concluded Mr. Puttipong.
Bangkok
Airways
aims high
with IPO
