Bangkok Airways is expected to issue its IPO, worth 10 billion baht, by the third quarter of 2014. The proceeds from the IPO will be used for the construction of a new maintenance, repair, and overhaul (MRO) hangar at Suvarnabhumi airport, technology update, and fleet upgrade. Earlier, in 2013, the Stock Exchange of Thailand had rejected Bangkok Airways’ filing due to the company’s tenuous financials.
