Thai AirAsia, the country’s largest low-cost airline, is mulling fund-mobilisation options to finance its massive business expansion.
“We’re planning to expand our aviation business. So far, we don’t know how large an investment budget we need, but we have to study many ways of mobilising funds to prepare ourselves. To list in the Stock Exchange of Thailand is one of the solutions. Our parent company – AirAsia [of Malaysia] – will have a dual listing in the SET [and Kuala Lumpur], but it’s not necessary for us to follow them [into the SET],”
said CEO Tassapon Bijleveld
“Listing shares in the Thai stock market is one of our choices,” CEO Tassapon Bijleveld said yesterday.
Another option is issuing new shares and selling them to investors.
Tassapon did provide details of Thai AirAsia’s planned business expansion.
Thai AirAsia – the country’s most robust low-cost carrier – is continuing expansion of its routes to cover more major Asian destinations. The airline plans to expand its service to four Indian cities: Mumbai, New Delhi, Kolkata and Hyderabad.
Tassapon said the company targeted a net profit of Bt1 billion this year, against about Bt400 million last year, based on the assumption of jet fuel costing an average of US$80 (Bt2,650) per barrel.
The predicted jump in net profit is possible because of a new fleet of Airbus A320s, which will increase overall seating capacity by 25 per cent, while jet-fuel consumption will decrease by 2 per cent from the current Boeing 737 fleet.
Thai Government Launches “Factory Sandbox” Scheme to Protect 3 Million Jobs
The plan will focus on plants which employ at least 500 people and will build confidence among both Thai and foreign investors at a time when supply chains in rival countries are shutting down.
BANGKOK (NNT) – Thailand’s government has launched a pilot “Factory Sandbox” program to test, vaccinate and isolate factory workers, with the aim of limiting COVID-related disruptions to Thailand’s important export-driven manufacturing sector.(more…)
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