Bangkok Airways clears path to IPO | Bangkok Post: business

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Bangkok Airways clears path to IPO

Carrier comes to an agreement with SEC

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Bangkok Airways has cleared the last major hurdle in its long-delayed plan to list on the Thai bourse with the debut now expected later this year. 

The 46-year-old privately-owned carrier has managed to come to an agreement with the Securities and Exchange Commission (SEC) on the company’s accounting system, according to sources familiar with the matter.

The SEC was sceptical that the airline might, among other things, understate its liability particularly that which involved the Samui Property Fund (SPF), which owns Samui Airport. SPF is a major asset of Bangkok Airways.

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