Don't hold your breath for Thai Airways sale

The Thai government has given the thumbs-up to the long-awaited sale of a 23% stake in Thai Airways, but investors are sceptical there will be an offering before the year is out.

The Thai government last week finally approved the sale of a 23% stake in Thai Airways International, but investors remain sceptical an offering is on the horizon.


Most people have got bored waiting for this transaction, says one analyst, adding that lead manager Credit Suisse First Boston was appointed over a year ago.


The government sold a 7% stake in Thai Airways via an initial public offering at 60 Bt a share in 1992 and has been talking about further reducing its 93% holding almost ever since.


Interference by the Thai military and frequent changes of government have kept sale attempts at bay for much of this time as have pricing concerns, which remain...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222