News
Thai AirAsia launches capital raising
May 26th 2022
LCC Thai AirAsia hopes to raise up to 2 billion baht (US$58.3 million) from the sale of debentures to institutional investors and/or high net worth individuals. Read More » Thai AirAsia CEO, Santisuk Klongchaiya, said the capital rising will improve liquidity, provide stability and give the airline flexibility as it navigates out of the COVID-19 pandemic period. The CEO believes the aviation industry has passed the bottom of the market. The debentures have a maturity of two years and an annual interest rate of 6.8%. Interest payments will be paid quarterly and be guaranteed by Asia Aviation Public Company, Thai AirAsia's parent company.
