sanook
2nd December 2004, 13:09
You 've got to be kidding!!!! Pick me up off the floor someone!!!
December 2, 2004
Orient Thai Airlines, a Bangkok-based low-cost carrier, said on Thursday it plans to sell a 20 percent stake to the public and list shares on the stock exchange by the middle of 2005.
The airline would raise its capital by about 100-200 million baht (USD$2.5 million-USD$5.1 million) from about 500 million baht now and appoint a financial adviser for the listing in January, chief executive Udom Tantiprasongchai told reporters.
Udom, who owns the airline, said the company planned to restructure its business by setting up One-Two-Go as a separate company to operate on domestic routes, while Orient Thai would focus on foreign destinations and charters.
Orient Thai's One-Two-Go competes with Nok Air of Thai Airways and Thai AirAsia, a joint venture between Malaysian budget airline AirAsia and Shin Corp.
Foreign competitors include Singapore-based Tiger Airways and Valuair.
:yuk:
December 2, 2004
Orient Thai Airlines, a Bangkok-based low-cost carrier, said on Thursday it plans to sell a 20 percent stake to the public and list shares on the stock exchange by the middle of 2005.
The airline would raise its capital by about 100-200 million baht (USD$2.5 million-USD$5.1 million) from about 500 million baht now and appoint a financial adviser for the listing in January, chief executive Udom Tantiprasongchai told reporters.
Udom, who owns the airline, said the company planned to restructure its business by setting up One-Two-Go as a separate company to operate on domestic routes, while Orient Thai would focus on foreign destinations and charters.
Orient Thai's One-Two-Go competes with Nok Air of Thai Airways and Thai AirAsia, a joint venture between Malaysian budget airline AirAsia and Shin Corp.
Foreign competitors include Singapore-based Tiger Airways and Valuair.
:yuk: