Aviation

Asia Aviation to raise US$142.8m in Thai IPO

23 May 2012

Asia Aviation PCL, the major shareholder of budget carrier Thai AirAsia, said today it is selling 1.21 billion shares in the airline to raise up to 4.48 billion Thai baht (US$142.8 million) in an initial public offering in a move to increase its stakes and expand the airline, China's Xinhua news agency reported. Asia Aviation said in a statement that it is offering the stocks at 3.7 Thai baht ...

Bangladesh aviation regulator dogged by cash crunch

22 May 2012

The Civil Aviation Authority of Bangladesh (Caab) is facing a severe fund crisis as four local airlines have defaulted on their dues with the civil aviation regulator. As of February 29, Biman Bangla .....

UK considers sale of aviation fuel network

22 May 2012

LONDON (Reuters) - Britain's Ministry of Defence (MoD) said on Tuesday it was considering selling its 2,500-kilometre long aviation fuel network to generate income for the government looking to reduce its debt burden. The ministry launched a consultation on the sale on Tuesday and said it would call for an official tender if it decided to go ahead with the sale, a spokeswoman said. ...