Budget carrier Nok Airlines, controlled by Thai Airways International Plc (THAI), plans to sell shares in an initial public offering in August as it seeks funds to expand its fleet.
Nok Air, based in Bangkok, plans to sell a 30% stake in the company and use the money to buy Boeing 737-8 or 737 Max planes, chief executive officer Patee Sarasin said on Thursday. The airline has been profitable for the past five years, he said in Singapore. He did not disclose the amount the carrier aims to raise.
Photo by Boonsong Kositchotethana
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