Nok Airlines is planning to sell 30 per cent of its stake to fund its expansion plan. The proceeds of the sale will be used to purchase Boeing 737-8 or 737 Max aircrafts. The airline aims to have 13 Max aircrafts in its fleet by end-2013. The carrier is likely to order 27 more aircraft in the next two–three years. The low-cost carrier also plans to resume international flights to China, Vietnam, and Myanmar in 2013. Meanwhile, Nok Air’s board has approved its initial public offering (IPO) and the resumption of its international services. The financial adviser to the IPO is Siam Commercial Bank. Thai Airways International has a 49 per cent stake in Nok Air.
